Overview
- VanEck filed a fifth S-1/A for its spot Solana ETF, fixing a 0.30% sponsor fee and preparing a Cboe BZX listing under the ticker VSOL.
- Gemini Trust Company and Coinbase Custody are named to safeguard SOL holdings, with VanEck Digital Assets, LLC as the authorized participant and Cohen & Company as counsel.
- The filing adds a staking framework that may delegate SOL to multiple third‑party validators selected for performance, uptime, and compliance, without committing to staking at launch.
- A 5% liquidity buffer is built into the staking policy to support redemptions and mitigate unbonding delays during volatile market conditions.
- VanEck signals a broader staking strategy by registering a Staked Hyperliquid ETF and noting potential future use of liquid staking tokens, subject to regulatory approval.