On October 14, 2025, VanEck filed its fifth amended S-1 for the Spot Solana ETF (VSOL) with the SEC, reducing the management fee to 0.30%, making it one of the most competitive crypto ETFs, per AICryptocore.com. This hybrid structure tracks Solana (SOL) price while incorporating staking rewards through third-party providers like SOL Strategies, aiming to generate additional yield for investors. Custodians Gemini Trust Company and Coinbase will secure SOL holdings, with a 5% liquidity buffer to handle redemptions amid unbonding delays (2–3 days on Solana), per. X posts from @coinbureau highlight the update as a “big step for institutional exposure to SOL and its staking ecosystem,” per.
The fee reduction, down from previous proposals, positions VanEck to attract institutional capital, with Nate Geraci of ETF Store noting it aligns with Bitcoin and Ethereum ETF rates. SOL trades at $184.50, down 4.4% daily but up 12% weekly, reflecting optimism amid ETF filings from Grayscale, 21Shares, and Bitwise, per. Solana’s $8.6B DeFi TVL and 64.8% staked supply bolster its appeal, per. However, SEC delays due to the U.S. government shutdown pause progress, with approval odds at 95–100% by mid-2026, per. X posts from @SolanaSensei declare “Solana ETF season is loading,” per.
The ETF could unlock $1.5B in first-year inflows, per JP Morgan, enhancing SOL liquidity and price discovery. VanEck’s focus on staking and potential liquid staking tokens (LSTs) aligns with Solana’s 12.2% liquid staking growth, per. Partnerships like Coinbase and Gemini ensure compliance. Critics worry about SEC scrutiny on staking, but the low fee signals innovation-friendly rules, per. SOL’s $82.8B market cap ranks it sixth, with forecasts of $250 by year-end if approved, per CoinCodex.
Monitor SEC filings on sec.gov and SOL flows via CryptoQuant. SOL support at $170 and resistance at $200 are key; dollar-cost average with stop-losses below $170, or diversify into USDC or ETH ($4,070), per TradingView. Follow @TheBlock__ on X for ETF updates. Approval could propel SOL to $360, per CryptoJelleNL, but delays risk a pullback to $120, per. VanEck’s move underscores Solana’s maturity, potentially catalyzing the altcoin ETF wave in 2026, per.
