VanEck Debuts VSOL With Zero-Fee Introductory Offer
VanEck officially launched its new Solana ETF, VSOL, on Monday, stepping directly into a rapidly expanding market of staking-enabled Solana funds. Competitors Bitwise and Grayscale have already accumulated more than $380 million in combined assets since late October, signaling strong investor appetite for Solana exposure.
VSOL offers staking rewards to investors who hold Solana within the fund, adding an extra incentive at a time when staking yields remain attractive. In a bold move to win early market share, VanEck is waiving its 0.3% management fee until February 17, or until the fund reaches $1 billion in assets — whichever comes first. This aggressive pricing comes shortly after the SEC’s September rule change, which opened the door to faster approvals for crypto ETFs across the board.
Fidelity Set to Enter with FSOL as Solana ETF Demand Surges
Competition will intensify on Tuesday as Fidelity prepares to launch its own Solana ETF, FSOL. Most existing Solana ETFs charge around 0.25%, but Fidelity’s entry is notable because it is the largest asset manager to step into the Solana ETF market so far. Industry analysts point out that BlackRock remains absent from the category, leaving room for future heavyweight expansion.
The growing lineup highlights a surge in demand for altcoin ETFs beyond the established categories of Bitcoin and Ethereum, reflecting a broader shift in investor interest toward diversified crypto exposure.
Meanwhile, more altcoin-focused ETFs are nearing launch. Grayscale’s Dogecoin ETF is expected to go live as early as November 24, with Bitwise also preparing additional products. Together, these moves underscore a rising push among major issuers to shape the next generation of crypto investment offerings.
