The race to launch the first Solana ETFs just heated up. Grayscale and VanEck submitted amended S-1 filings, revealing crucial details about fees, staking, and custody arrangements.
Grayscale’s Solana ETF (GSOL) Highlights
2.5% sponsor fee – Higher than Bitcoin ETF counterparts
Coinbase Custody as sole custodian
Cash-only model (no in-kind creations initially)
Passive SOL holding (no staking yet, but may change)
Ticker: GSOL | Exchange: NYSE Arca
🚨JUST IN: @vaneck_us has filed an updated version of its Spot @Solana ETF S-1 application.
Staking rewards included (via third-party validators)
Gemini + Coinbase as co-custodians
Future LST integration possible
Ticker: VSOL | Exchange: Cboe BZX
Why This Matters
✅ Approval signals growing – Final SEC decision could come soon ✅ Staking differentiation – VanEck’s active approach may attract more investors ✅ Fee war begins – 1.5% vs 2.5% sets stage for competition
Both ETFs will track the CoinDesk SLX Index and operate as grantor trusts, avoiding stricter investment company regulations.
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