Solana Latest Updates: VanEck's SOL ETF Custody Agreement Indicates Growing Institutional Adoption of Blockchain Assets

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Solana Latest Updates: VanEck's SOL ETF Custody Agreement Indicates Growing Institutional Adoption of Blockchain Assets

Bitget-RWA2025/11/17 14:22

By:Bitget-RWA

- VanEck partners with SOL Strategies to custody its Solana (SOL) ETF, advancing institutional blockchain adoption. - SOL Strategies' ISO 27001/SOC 2-certified validator node secures $4.37B in assets for the ETF's staking operations. - The ETF builds on existing $382M in inflows from competing Solana funds, signaling growing institutional demand for crypto exposure. - The partnership validates SOL Strategies' infrastructure capabilities and highlights rising interest in compliant staking solutions.

VanEck, a prominent asset management firm, has chosen

SOL Strategies

to provide custodial services for its forthcoming

Solana

(SOL) spot ETF, representing a notable advancement in the institutional embrace of blockchain assets. The collaboration, revealed on November 17, 2025, will enable

SOL

Strategies to utilize its Orangefin validator node—

acquired in December 2024

—for staking the SOL tokens held within the ETF. This initiative is in line with VanEck’s broader objective to grow its digital asset portfolio, following the successful introduction of two other Solana ETFs by Bitwise and Grayscale,

which together have drawn $382 million in investments since October 28

The Orangefin validator node, which has earned ISO 27001 and SOC 2 certifications,

currently safeguards more than $4.37 billion

in staked assets, highlighting its robust security and reliability for institutional clients. Kyle DaCruz, VanEck’s digital assets director, pointed to SOL Strategies’ “established expertise in validator management and institutional orientation” as decisive reasons for the partnership. By engaging in Solana’s proof-of-stake mechanism, the ETF will generate returns while adhering to U.S. regulatory standards

according to reports

Solana Latest Updates: VanEck's SOL ETF Custody Agreement Indicates Growing Institutional Adoption of Blockchain Assets image 0

For SOL Strategies, this alliance strengthens its reputation as a connector between conventional finance and decentralized systems. The company, which transitioned from Cypherpunk Holdings in 2024, manages 524,000 SOL in its reserves and is listed under the tickers HODL (Canadian Securities Exchange) and

STKE

(Nasdaq Capital Market). Michael Hubbard, acting CEO of SOL Strategies, stated that the partnership affirms the firm’s infrastructure strengths and mirrors the increasing institutional appetite for “regulated, high-efficiency staking services”

on the Solana network

The ETF, which has submitted an 8-A registration to the Securities and Exchange Commission, is set to benefit from Solana’s growing ecosystem. With two Solana ETFs already available, there is clear market enthusiasm for access to the blockchain’s native asset. VanEck’s participation may further solidify Solana’s status as a recognized asset,

especially as institutional players look to broaden their digital asset holdings

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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