VanEck’s Bold Step: Solana ETF Just Around the Corner, But Who’s Counting?

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Key Highlights

  • VanEck files its final Form 8-A, meaning its Solana ETF could launch faster than you can blink.
  • Spot Solana ETFs have extended their inflow streak to 13 days, totaling $370 million. Because why not?
  • VanEck’s staking strategy is here, with SOL Strategies offering yield for investors. Lucky them.

Ah, VanEck, that stalwart of investment firms, has taken another step on the path to launching its highly anticipated spot Solana exchange-traded fund (ETF) in the United States. The firm, in its infinite wisdom, has filed its Form 8-A with the U.S. Securities and Exchange Commission (SEC), bringing us ever closer to a world where Solana ETFs grace the market.

Form 8-A filings are the grand finale of the ETF approval process. They’re like the last few notes of a symphony – the kind you don’t want to miss because, dear reader, this could mean Solana starts trading on the market in mere days, assuming regulators give it the thumbs up. The SEC, as we know, is always so fast and efficient… sarcasm intended.

This is a filing meant to register a class of securities on national exchanges like Nasdaq or the NYSE. So yes, VanEck is really serious about pushing its Solana ETF into the world at a time when it seems everyone and their dog wants to invest in Solana-based vehicles.

VanEck had previously updated its S-1 registration (yes, the document that every fund manager hopes will make them rich), detailing a management fee of just 0.30%. And what else? Ah, the staking plan, because generating yield for investors is always a great story to tell, especially when it’s paired with the ever-so-trustworthy partner company, SOL Strategies.

Strong institutional demand fuels Solana ETFs

It appears that Solana is the darling of institutional investors, even in the face of the broader market’s nervous jitters. Data from SoSoValue tells us that U.S.-listed spot Solana ETFs have now achieved their 13th consecutive day of inflows. Can you imagine? A streak so unbroken, it could put your New Year’s resolution to shame. About $1.49 million poured into these funds on Thursday alone. And guess who led the charge? Bitwise’s BSOL fund, of course. Grayscale’s product? Oh, it had a day off.

Since the launch of BSOL on October 28, these two Solana ETFs have garnered a cool $370 million in net inflows. Almost $200 million of that flooded in during the very first week of trading. Talk about a warm welcome!

Cooling market sentiment hits Solana price

But alas, not all is rosy in Solana land. While the ETF market is thriving, the coin itself is feeling a bit cold. As of the latest update, Solana (SOL) is trading around $141.76, which is a hefty 9.53% drop in a single day. Yet, the market cap? Still a solid $79 billion. Who needs growth when you’ve got that kind of stability, right?

In a move designed to stir the pot just a little more, Grayscale is expanding institutional access by launching options trading for its Solana Trust ETF (GSOL). For all the advanced traders out there, this is your moment. Go ahead, make your moves, you know you want to.

Crypto ETF activity expands across markets

But wait, there’s more! VanEck’s filing comes at the same time as a broader surge in crypto ETF activity in the fourth quarter. Swiss asset manager 21Shares has decided that it too wants a slice of the pie, launching its first U.S. ETFs under the Investment Company Act of 1940. They’re offering diversified exposure to Ethereum, Solana, Dogecoin, and more. Because diversification is key, after all. Thanks, 21Shares.

Meanwhile, Canary Capital is throwing its hat into the ring, registering an S-1 filing for a spot MOG Coin ETF. It’s like memecoins, but with a bit more regulatory flair. What a time to be alive.

The Solana ETF market is reaching a critical juncture, with multiple filings, growing inflows, and the steady rise of institutional products. VanEck’s latest filing positions its Solana fund right on the edge of launch. Could this be the biggest U.S. crypto ETF addition this year? Only time will tell. Or maybe the SEC will make us wait a little longer. But hey, who’s counting?

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2025-11-14 15:06