Deep Tide TechFlow News, on October 21, asset management company VanEck announced that its Solana exchange-traded note (ETN) launched in the European market has successfully enabled staking features. The asset management scale (AUM) of this ETN reached 73 million USD, with the code VSOL. The staking method adopted by VanEck is fully non-custodial, meaning that the custodian of the ETN assets always retains full control over the staked assets, effectively avoiding lending risks.

According to VanEck's official statement, investors in the Solana ETN can participate in staking without taking any proactive actions. Staking rewards will be automatically credited to the ETN's token holdings and reflected in the daily net asset value (NAV). Regardless of when investors purchase the ETN, the total staking rewards generated in the most recent period will be distributed equally, but with a deduction of 25% for staking fees.

VanEck instructs the custodian to delegate the physical SOL tokens held by the ETN to validator nodes for staking. The validator nodes are owned and maintained by professional staking service providers, but the delegated SOL always remains under the control of the custodian and has never left the custodian's cold storage. Once successfully delegated to a validator node, the node will receive inflation rewards, MEV (Maximum Extractable Value) rewards, and block rewards according to each epoch cycle.