VanEck enables staking rewards for European Solana ETN investors
VanEck has launched staking for its Solana exchange-traded note (ETN) VSOL in Europe, allowing investors to earn rewards reflected in the daily net asset value (NAV). Investors will receive 75% of gross staking rewards after a 25% fee. This feature is available to all VSOL holders without requiring additional action. VSOL, incorporated in Liechtenstein, launched in September 2021 on Deutsche Börse and has assets under management totaling $73.8 million as of October 18, with shares priced at approximately €8.229 ($8.93) and an NAV of $8.21. The staking approach is non-custodial, ensuring the custodian retains control over staked assets, mitigating lending risks. Client funds are delegated to third-party validator nodes for staking. Future developments may include liquid staking tokens, but the current model focuses on liquidity for daily redemptions.
