Grayscale and VanEck are moving closer to getting their proposed Solana (SOL) ETFs approved. Both firms have filed amended S-1 documents that outline key details, a sign that they may be on the verge of receiving a green light from regulators.
Grayscale's planned ETF, with the ticker GSOL, will be listed on NYSE Arca and will charge a 2.5% sponsor fee. It will use Coinbase Custody for its SOL holdings and a cash-only model for creating and redeeming shares. The fund will passively track the CoinDesk SLX Index but may add a staking component in the future.
VanEck's competing ETF, VSOL, plans to list on Cboe BZX with a lower 1.5% fee. Its unique feature is an active staking strategy, with rewards being reinvested into the fund. VanEck will use both Gemini and Coinbase for custody and may also include liquid staking tokens later on.
Both ETFs are structured as grantor trusts. With these key details now public, the final decision rests with the SEC.
August 2025, Cryptoniteuae