Solana ETF news is heating up as top AUMs like Fidelity, Grayscale and VanEck, have taken major steps toward launching the first spot Solana ETFs in the U.S. As of August 1, 2025, all three firms have filed updated S-1 documents with the SEC, detailing fees, custodians, and operational models, marking a critical phase in regulatory review. If approved, these ETFs could offer direct exposure to Solana (SOL), the sixth-largest cryptocurrency, and bring staking features, passive yield, and institutional-grade access to one of the most in-demand blockchains in crypto.
For instance, Grayscale’s proposed fund will trade under the ticker GSOL and charge a 2.5% sponsor fee. It will not include staking at launch, but the company has left the door open for it later. VanEck, meanwhile, will offer a slightly lower fee. Both funds plan to hold actual SOL tokens and will use a cash-based model for creations and redemptions. This shows continued interest in bringing crypto to mainstream investment platforms.
VanEck’s VSOL Fund to Include Staking and Lower Fees
On the other hand, VanEck is setting itself apart with a bolder Solana ETF plan. It’s proposed that VanEck Solana Trust, under the ticker VSOL, would include native staking of SOL, making it the first ETF of its kind in the US. It will list on Cboe BZX if approved by the SEC.
🚨Breaking: @Grayscale and @vaneck_us have submitted updated S-1 filings with the @SECGov for their Solana ETFs, showing both are getting closer to approval.
The updates include fund fees, staking plans, and custodian details.
🔗 Grayscale Filing:
[https://t.co/jYrO7APSa5]— Crypto Coin Show (@CryptoCoinShow) August 1, 2025
The fund also comes with a 1.5% annual sponsor fee, making it more appealing than Grayscale’s 2.5% fee. This fee structure and the staking feature aim to attract both cost-conscious retail investors and institutions seeking passive yield.
To reduce risk, VanEck says it will carefully choose validators based on strict performance and security criteria. The fund will use Gemini Trust Company and Coinbase Custody for secure token storage. Looking ahead, VanEck has hinted at adding liquid staking tokens (LSTs) when regulatory conditions allow. These assets let users earn staking rewards while keeping access to liquidity, offering more flexibility for investors in a fast-changing crypto market.
With Amended Filings, Solana ETFs Enter Next Phase of SEC Review
Filing amended S-1s is more than just paperwork. It typically means Grayscale and VanEck have received initial feedback from the SEC and are now aligning their products with regulatory expectations. It’s a positive sign for investors tracking the progress of crypto ETFs.
The SEC has shown more flexibility since approving spot Bitcoin ETFs in early 2025. Its focus on clear custody solutions and investor safety is shaping how new crypto products come to market.
Both Solana ETFs are built as grantor trusts, which sidestep the stricter rules of traditional mutual funds or commodity pools. This model is already in use for several Bitcoin and Ethereum products.
As demand grows for Solana’s fast, affordable blockchain, which powers apps, games, and digital assets, Grayscale and VanEck are positioning themselves early. See where Solana (SOL) price could head next in our updated August 2025 price forecast.
FAQs
What is the status of Solana ETF approval?
As of mid-2025, multiple Solana ETF filings are under review by the U.S. SEC. Analysts from Bloomberg estimate a high chance of approval by July 2, with Grayscale, VanEck, and Bitwise among the asset managers leading the push. If approved, the Solana ETF could become the first altcoin-focused ETF after Ethereum.
What is the symbol for the Solana ETF?
The official ticker symbol for a Solana ETF has not yet been confirmed, as the funds are still awaiting regulatory approval. However, proposed filings may include tickers like “SOLX” or “GSOL” (for Grayscale Solana ETF), depending on the issuer.
Can Solana reach $1,000?
While speculative, some analysts believe Solana (SOL) could potentially reach $1,000 in the long term, especially if mass institutional adoption via ETFs, ecosystem growth, and real-world use cases accelerate. However, such predictions depend on broader crypto market cycles and macroeconomic trends.
How can I invest in Solana from India?
To invest in Solana from India, users can register on SEBI-compliant crypto exchanges like CoinDCX.
