VanEck Solana ETF (VSOL)

The VanEck Solana ETF is an exchange-traded product sponsored by VanEck that is designed to give investors exposure to the price of Solana (SOL), the native token of the Solana blockchain, without holding the cryptocurrency directly.

The fund holds SOL through a custodian and values its holdings by reference to a benchmark price for the token, so its shares are intended to track the performance of Solana less fund expenses. Solana is a proof-of-stake blockchain network used for decentralized applications, payments and token trading.

Because it holds a single digital asset, the fund's value moves with the cryptocurrency market and the specific supply and demand for SOL. VanEck is a New York-based asset manager with a broad lineup of thematic, commodity and digital asset funds.