VanEck Rolls Out First Zero-Fee Solana ETF

The fee-free structure applies up to $1 billion in assets until next year, after which a 0.30% sponsor fee may be added.

Chris Lion•November 17, 2025

Digital asset manager VanEck has launched the first zero-fee Solana exchange-traded fund (ETF), giving investors direct exposure to SOL through the newly introduced VanEck Solana ETF (VSOL).

As part of the latest announcement, the asset manager will waive its sponsor charge for VSOL at launch for the first $1 billion in assets until February 17, 2027. It also offers investors staking rewards for participating in securing the network.

Commenting on the latest rollout, Director, Digital Assets Products with VanEck, Kyle DaCruz, said:

“We’re excited to be launching VSOL and to build on VanEck’s long history of expanding access to digital assets through thoughtful, investor-focused products.”

VSOL Could Add 0.30% Fee at $1B

According to VanEck, if VSOL’s assets exceed $1 billion by February 17 of next year, a sponsor fee of 0.30% will be applied. The asset manager noted that the cost will remain unchanged after the specified date.

DaCruz emphasized that Solana has become one of the leading proof-of-stake networks, offering scalability, speed, and efficiency that constantly draw developers and real-world use cases.

“Solana has quickly emerged as a leading proof-of-stake network, offering speed, scalability, and efficiency that continue to attract developers and real-world use cases,” DaCruz said.

Solana’s fast, low-cost network also powers tens of millions of daily DeFi, gaming, NFT, and real-world asset transactions. Solana’s blend of Proof of History (PoH) and Proof of Stake (PoS) also enables fast block times and low transaction fees. Validators stake SOL to validate transactions, secure the chain, and earn rewards.

With over $5.2 billion in assets, which includes 29 crypto exchange-traded products in Europe, VanEck was the first firm to file for spot SOL ETF and spot ether products.

VanEck Launches Tokenized Treasury Bills

Meanwhile, this comes several months after the asset manager introduced its first tokenized fund. It became a traditional finance firm to explore blockchain-based asset offerings.

According to VanEck, the product will provide on-chain exposure to short-term United States Treasury bills, which are available on Ethereum, BNB Chain, Avalanche, and Solana.

Since its Inception in 1955 by John Van Eck, the company has offered access to U.S. investors. According to the firm, it has managed roughly $171.7 billion in assets, which includes mutual funds and ETFs, as of October 31, 2025.