VanEck Solana ETF Set for Launch as Firm Submits Final 8-A Filing

VanEck has filed its final filing for its Solana ETF with the U.S. SEC. It is usually the pre-launch step, and analysts say it would likely launch in the next few days.

VanEck Files Form 8-A for its Solana ETF Launch

The firm has filed a Form 8-A with the U.S. SEC for a spot Solana ETF. This is a filing that historically appears just before a product begins trading. In most ETF rollouts, this step is followed by going live as early as the next market session.

It means the VanEck’s Solana fund could be available to investors as early as today if cleared. This submission shows the firm’s commitment to have its product available to U.S. investors. 

This follows the amended S-1 that VanEck submitted last month. That earlier filing revealed a 0.30% management fee and explained its staking strategy. This includes SOL Strategies to manage the staking operations and generate yield on behalf of the fund.

Meanwhile, the push for new crypto ETFs has not yet subsided even deep into Q4, despite the U.S. government shutdown. Of these, Solana has perhaps become one of the most standout assets. Indeed, its already launched funds have shown strong investor demand.

SOL ETF Inflows Extend to 13-Day Streak

Data from SoSoValue shows that spot Solana funds recorded their 13th consecutive day of inflows with about $1.49 million in inflows on Thursday. Bitwise’s BSOL led the day with Grayscale recording no inflow.

Combined net inflows to the two active Solana ETFs have reached $370 mln since the launch of BSOL on October 28. Close to $200 million flowed in the first week of trading. While Thursday was the lowest inflow day so far, analysts say that this streak far exceeds initial forecasts.

Nick Ruck of LVRG Research said that SOL ETF demand has been outperforming pre-launch expectations. He described Solana ETFs as a “high-beta complement” to the BTC and ETH funds. It gives institutions targeted exposure to Solana’s ecosystem with higher potential returns.

However, the price of SOL has dropped. It is currently trading at about $143, down 6% for the day. Although Solana still has a high market cap of $79 billion

In another update, Grayscale has started options trading for its Solana Trust ETF (GSOL). This allows for more advanced trading strategies and increases opportunities for institutional investors.