VanEck has filed its sixth S-1/a amendment for a proposed Solana ETF with the SEC, seeking a 0.30% sponsor fee waiver for the first three months on initial $1 billion AUM and waiving staking provider fees. This positions Solana ETFs for potential launch this week amid regulatory progress.
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VanEck’s latest amendment confirms fee reductions and staking waivers, accelerating Solana ETF approval.
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Multiple firms including Bitwise and Grayscale are set to debut Solana ETFs, enhancing institutional access to SOL.
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Solana’s price has risen 1.16% to $202.34 in the last 24 hours, with a 3.62% weekly gain driven by ETF anticipation.
Discover the latest on VanEck’s Solana ETF filing and its impact on crypto markets. Explore fee waivers, staking rewards, and price surges for SOL in this comprehensive update. Stay ahead with expert insights on Solana ETF approvals.
What is the Status of VanEck’s Proposed Solana ETF?
VanEck Solana ETF represents a significant step toward institutional investment in the Solana blockchain, with the firm’s sixth S-1/a amendment filed with the U.S. Securities and Exchange Commission on Tuesday. This update includes a 0.30% sponsor fee waiver for the first three months on the initial $1 billion in assets under management and requests waivers for staking provider fees. VanEck anticipates seeking 400,000 shares at $25 each as the seed basket to enable registration.
How Do Recent Amendments Affect Solana ETF Approvals?
The amendments address SEC feedback through precise adjustments, clarifying operational details for the Solana ETF. According to the filing, these changes reflect VanEck’s ongoing collaboration with regulators to ensure compliance within complex frameworks. Industry observers note that while revisions appear minor, they underscore the firm’s dedication to meeting all approval criteria before public offering.
Regulatory hurdles persist due to the federal government shutdown starting October 1, limiting SEC operations. However, the precedent set by the SEC’s approval of the first U.S. spot Bitcoin ETF in January 2024 has opened doors for altcoin products from major players like BlackRock, Grayscale, Bitwise, ARK Investment, 21Shares, WisdomTree, Fidelity, Valkyrie, VanEck, Hashdex, Invesco Galaxy, and Franklin Templeton.
Around 16 ETFs tied to altcoins such as SOL, LTC, and Dogecoin await approval this month. Thomas Uhm, Chief Operating Officer of Solana-based liquid staking and MEV protocol Jito, stated, “We’re already working with tier 1 investment banks on products related to these ETFs and on accumulation strategies using staked Solana ETF options.” This highlights the broader ecosystem momentum building around Solana.
Bitwise and Canary Capital have confirmed their Solana ETFs will launch on October 28, navigating weeks of uncertainty. Bitwise’s head of research, Ryan Rasmussen, described their SOL ETF under ticker BSOL as an institutional gateway to the Solana ecosystem, leveraging a 7% average staking reward rate with 100% of assets staked via Bitwise Onchain Solutions powered by Helius Labs, featuring 0% fees initially.
Grayscale’s GSOL ETF positions itself as the largest publicly traded spot Solana fund in the U.S., already providing exposure and staking in select brokerage accounts. Meanwhile, Hong Kong introduced Asia’s first Solana ETF on Monday, signaling global interest in SOL-based products.
Frequently Asked Questions
What Changes Were Made in VanEck’s Sixth S-1/a Amendment for the Solana ETF?
VanEck’s latest filing shifts the status to “effective” and adjusts the sponsor fee to 0.30%, including waivers for staking providers and the first three months on $1 billion AUM. These updates aim to streamline approval and make the ETF more attractive to investors seeking Solana exposure without immediate high costs.
When Are Solana ETFs Expected to Launch in the U.S.?
Several Solana ETFs from firms like VanEck, Bitwise, and Grayscale are anticipated to go live this week, potentially as early as tomorrow at 9 a.m. Eastern Time. This timeline follows regulatory dialogues and builds on the success of Bitcoin ETFs, offering direct SOL access with staking benefits for institutional and retail investors alike.
Key Takeaways
- Regulatory Progress: VanEck’s amendments signal imminent Solana ETF approvals, despite SEC limitations from the government shutdown.
- Fee Incentives: Waivers on sponsor and staking fees lower entry barriers, with Bitwise targeting 7% staking yields through onchain solutions.
- Market Impact: SOL’s price at $202.34 reflects ETF hype; analysts predict further gains as institutional products debut, urging investors to monitor launches closely.
Conclusion
The filing of VanEck’s sixth S-1/a amendment marks a pivotal moment for the Solana ETF landscape, with fee waivers and staking integrations poised to drive adoption. As Bitwise’s BSOL and Grayscale’s GSOL prepare for launch, alongside global developments like Hong Kong’s fund, Solana’s ecosystem stands to benefit from enhanced liquidity and institutional capital. Investors should watch for approvals this week, positioning SOL for sustained growth in the evolving crypto market.
#Solana Spot ETF Update: VanEck files their 6th S-1/a Amendment to their VanEck Solana ETF.
Changes:
– The filing status changed to “effective”.
– The fee changed to 0.3%IMO: Bitwise, VanEck and Grayscale Solana ETFs go live this week possibly tomorrow 9am…
— MartyParty (October 27, 2025)
