VanEck Solana ETF Set for Launch as $370M Inflows Extend 13-Day Streak
VanEck has officially filed its Form 8-A with the Securities and Exchange Commission—and that's a big deal...
Quick overview
- VanEck has filed its Form 8-A with the SEC, signaling a potential launch of its Solana ETF soon.
- The Solana ETF features a 0.30% management fee and aims to generate income through staking SOL.
- Investor interest in Solana ETFs remains robust, with significant inflows reported over the past 13 days.
- Grayscale has introduced options trading for its Solana Trust ETF, enhancing investment strategies for institutions.
VanEck has officially filed its Form 8-A with the Securities and Exchange Commission—and that’s a big deal. This move is a key step before a fund starts trading, usually allowing a launch to happen the very next trading day.
It shows VanEck is really serious about getting their Solana ETF out to US investors ASAP. Just last month, they’d modified their S-1 to reveal a modest 0.30% management fee and explained how they plan to make money through staking SOL. The Solana ETF’s SOL Strategies program is set up to generate income through smart staking, which should give investors another string to their bow.
Solana ETFs Still Going Strong After 13 Days
It’s no surprise, though – investor appetite for Solana-specific ETFs is still really strong even as the wider market gets all uncertain. According to SoSoValue data, Solana ETFs have raised capital for 13 days straight, and on Thursday alone, they raked in a cool $1.49 mil. Some key points to note:
- Bitwise’s BSOL really outpaced the competition in inflows that day
- Grayscale’s Solana Trust (GSOL) didn’t see any inflows that day
- Since BSOL launched on Oct 28, combined net inflows have topped $370 mil
- Nearly half of that ($200 mil) came in just in the first week of trading
LVRG Research’s Nick Ruck pointed out that demand for Solana ETFs has well and truly exceeded expectations. He reckons they’ve become a must-have “high-beta complement” to Bitcoin and Ethereum ETFs—that means institutional investors can invest specifically in Solana and potentially see really good returns.
Market Mood and Big Moves
Solana’s price may have taken a hit, currently trading at around $143, down 6% on the day. Still, it’s still got a huge market cap of $79 bil, which shows just how much staying power it has as a crypto.
Grayscale has just launched options trading for its Solana Trust ETF (GSOL)—that means institutions can now use more sophisticated strategies and play the market in a whole new way. Analysts reckon this move will just help Solana-focused investment products keep growing and offer more opportunities for market players.
With VanEck preparing to launch and inflows still coming in, it’s clear that Solana ETFs will be a key tool for investors looking to spread their bets across new and up-and-coming crypto assets—and that’s a strong signal that institutional investors still have a lot of faith in the sector.
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