Leading digital asset manager VanEck has enabled staking options for its Solana exchange-traded note (ETN) in the European market. 

Matthew Sigel, VanEck’s Head of Digital Assets Research, announced the development today in a statement shared on X. According to Sigel, the staking rewards for VanEck’s Solana ETN (VSOL) will accrue and be re-invested daily. 

The rewards will automatically reflect in the product’s daily net asset value (NAV). Investors will benefit from the recently launched feature without having to manage the process themselves. Sigel emphasized that the company will manage the Solana ETP’s staking exposure to maintain daily liquidity. 

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