Catenaa, Saturday, November 22, 2025-VanEck has launched the United States’ third exchange-traded fund (ETF) offering Solana staking, joining Bitwise and Grayscale as altcoin-focused ETFs see growing interest from investors.
The VanEck Solana ETF (VSOL) went live Monday, providing staking rewards on Solana and a temporary zero-fee structure to attract assets quickly.
VSOL waives its 0.3% management fee until February 17 or until the fund reaches $1 billion in assets, intensifying competition among staking-enabled Solana ETFs.
Collectively, similar funds from Bitwise and Grayscale have drawn more than $380 million since late October. Fidelity’s Solana ETF (FSOL) is expected to debut this week, further expanding the Solana ETF market.
The surge in altcoin ETFs comes after the SEC’s September rule change, which streamlined approvals and eliminated case-by-case reviews, encouraging issuers to bring new crypto products to public markets.
Other altcoin ETFs, including a Dogecoin ETF from Grayscale potentially launching Nov. 24, are poised to follow, offering direct exposure to DOGE for U.S. investors for the first time.
Despite this ETF growth, digital asset investment products suffered $2 billion in outflows last week, marking the third consecutive week of withdrawals and bringing cumulative outflows to $3.2 billion.
Analysts cite ongoing monetary policy uncertainty and large-scale selling by crypto-native investors as the main drivers.
US-based funds accounted for nearly all of the recent outflows, with smaller amounts exiting Swiss and Hong Kong products.
The launch of VSOL highlights growing competition in altcoin-focused ETFs as firms race to provide regulated, yield-generating products amid volatility in the broader digital asset market.
