Foresight News reports that the asset management company VanEck has announced that the Solana exchange-traded note (ETN) it launched in Europe now has staking functionality. The staking method employed by VanEck is completely non-custodial, meaning that the custodian of the ETN assets always retains full control over the staked assets, with no lending risk involved.

Investors in the Solana ETN do not need to take any action; if rewards are issued, they will be credited to the ETN's token rights. Regardless of when the custodian purchased the ETN, whether last year or last week, the total staking rewards earned during the final period will be equally distributed (after deducting a 25% staking fee).