Solana News Today: Grayscale and VanEck Submit Amended Solana ETF Filings for SEC Approval

Grayscale and VanEck have submitted revised filings for their proposed Solana ETFs, signaling a significant step toward potential SEC approval. These filings detail the operational structures, fee models, and staking strategies of the funds, offering clarity on how investors may access exposure to the Solana ecosystem through regulated financial vehicles. The submissions indicate that both firms are preparing for possible regulatory clearance, with the ETFs set to trade on major U.S. exchanges upon approval [1].

Grayscale’s GSOL ETF is structured as a grantor trust and will operate under a 2.5% sponsor fee model. It will be custodied exclusively by Coinbase Custody and will follow a cash-only share creation model, avoiding the use of derivatives, leverage, or active staking at launch. In contrast, VanEck’s VSOL ETF introduces a more aggressive approach by offering a 1.5% fee structure and dual custody with Gemini and Coinbase. VanEck’s strategy includes an active staking model that reinvests staking rewards into the fund, potentially enhancing returns for investors [1].

Both ETFs are exempt from the Investment Company Act and Commodity Exchange Act due to their grantor trust structure, which simplifies regulatory considerations. The absence of leverage and derivatives is a key compliance focus for both providers, emphasizing security and transparency. VanEck’s inclusion of an active staking strategy reflects a cautious yet innovative approach, subject to final regulatory approval [1].

The potential approval of these Solana ETFs could significantly impact the broader crypto market. Institutional adoption and increased liquidity for the SOL token are likely outcomes, especially given the growing demand for crypto products that align with traditional investment frameworks. COINOTAG analysts note that the introduction of these ETFs may contribute to greater price stability and broader market adoption of Solana over time [1].

The distinction between the two funds lies in their operational models and fee structures. Grayscale’s approach is more conservative, offering passive exposure to Solana with a higher fee, while VanEck’s model is more cost-effective and includes active staking as a value-add. Investors will need to weigh these factors when deciding which ETF aligns with their investment strategies [1].

SEC approval is a critical milestone for both ETFs. Once cleared, the funds can be listed on exchanges such as NYSE Arca (for GSOL) and Cboe BZX (for VSOL), allowing retail and institutional investors to gain exposure to Solana in a regulated environment. This development could mark a turning point for the broader acceptance of crypto assets in traditional finance [1].

Source: [1] [Solana ETF Approval May Be Nearer as Grayscale and VanEck Submit Amended Filings](https://en.coinotag.com/solana-etf-approval-may-be-nearer-as-grayscale-and-vaneck-submit-amended-filings/)