VanEck Files Amended S-1 For Spot Solana ETF, Slashes Management Fee To 0.30%

VanEck has officially filed its fifth amendment for the spot Solana ETF (VSOL) with the U.S. Securities and Exchange Commission. The filing stated that there’s a 0.30% management fee and expanded details about its staking policy.

The SEC filing confirms that the ETF will seek to reflect the performance of SOL price while seeking more returns through staking. It is the first of a kind hybrid structure for a digital asset fund in the U.S.

The company will use one or more third-party staking providers, including SOL Strategies, to manage Solana delegation and yield generation.

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