VanEck Solana ETN Now Offers Staking Rewards for Investors Across the European Union

CryptoGlobe · 2024-10-22T11:43:03.000Z

The VanEck Solana ETN (VSOL) offers investors the opportunity to gain exposure to the Solana (SOL) blockchain, which is known for its high-speed transaction capabilities and scalability for decentralized applications. The ETN is fully collateralized with Solana, with the underlying SOL held in cold storage at a regulated custodian. The ETN tracks the MarketVector Solana VWAP Close Index, which reflects the performance of Solana based on the volume-weighted average price. As of 21 October 2024, the VanEck Solana ETN has net assets valued at approximately $75.88 million. The product is structured to provide institutional investors with a secure and efficient way to invest in Solana without directly holding or managing the asset themselves. Listed on several European exchanges, including Deutsche Börse Xetra, Euronext Paris, Euronext Amsterdam, and SIX Swiss Exchange, the ETN allows for easy access and trading during regular market hours. The ETN is domiciled in Liechtenstein, offering multi-jurisdictional regulatory oversight, though it is not UCITS compliant. Investors are subject to a total expense ratio (TER) of 1.50%, which covers management fees and other operating expenses associated with the ETN. Source: VanEck According to an announcement on the social media platform X by Matthew Sigel, Head of Digital Assets Research at VanEck, this product now offers staking rewards to investors across the European Union, allowing investors to receive SOL rewards that are automatically reinvested daily. The VanEck Solana ETN reflects the staking rewards directly in the net asset value (NAV) of the product, leading to an increased amount of Solana (SOL) tied to each share. VanEck charges a 25% fee on staking rewards, a move similar to their Ethereum ETN update in April, which introduced staking rewards for Ethereum. In the U.S., however, crypto ETFs with staking rewards have yet to be approved by the Securities and Exchange Commission (SEC). Read about $VSOL staking & fees –> https://t.co/wwdhYfta2yEU Frens, please read the VSOL prospectus before investing –>https://t.co/OWSejUxG4s — matthew sigel, recovering CFA (@matthew_sigel) October 21, 2024 The VanEck Solana ETN enables investors to earn staking rewards automatically without requiring any active involvement. The staking process is fully non-custodial, ensuring that the SOL used for staking remains under the control of the custodian at all times. This eliminates any lending risks, as the SOL is never transferred out of the custodian’s cold storage, ensuring the security of the assets. Investors, regardless of when they purchased the ETN, benefit equally from the staking rewards, which are distributed proportionally after a 25% staking fee is applied. The rewards, which include inflationary, MEV, and block rewards, are added daily to the ETN’s net asset value (NAV) at the end of each trading day. These rewards are generated by delegating the SOL to a validator, but control of the assets always remains with the custodian. The validator node receives rewards based on an epoch-by-epoch basis, and these are reinvested into the ETN, helping boost the overall performance of the product. Investors retain the ability to buy, sell, or hold the ETN like any other exchange-traded product, ensuring full liquidity, despite the staking process. VanEck emphasizes that staking does not affect the redeemability of the ETN, even with the lock-up of the collateral for staking. The annual staking yield for Solana typically ranges between 7% and 9%, although this rate can vary based on several factors, including the number of validators on the network and demand for Solana transactions. The non-custodial nature of staking means that the SOL always remains in cold storage, and no lending of assets takes place. Investors receive their net staking rewards, calculated after deducting the 25% staking fee, which are incorporated into the NAV daily. While staking rewards offer potential for additional income, they are not guaranteed, and the yield can fluctuate with changes in the network and broader market conditions.

VanEck Solana ETN (VSOL)爲投資者提供了接觸Solana (SOL)區塊鏈的機會，該區塊鏈以其高速交易能力和去中心化應用的可擴展性而聞名。該ETN完全以Solana作爲抵押，基礎SOL存放在受監管的託管人處的冷存儲中。
該ETN追蹤MarketVector Solana VWAP收盤指數，反映Solana基於成交量加權平均價格的表現。截至2024年10月21日，VanEck Solana ETN的淨資產約爲7588萬美元。該產品的結構旨在爲機構投資者提供一種安全高效的方式，以便在不直接持有或管理資產的情況下投資Solana。
該ETN在多個歐洲交易所上市，包括德意志交易所Xetra、巴黎泛歐交易所、阿姆斯特丹泛歐交易所和瑞士SIX交易所，方便在正常市場交易時間內輕鬆訪問和交易。該ETN註冊在列支敦士登，提供多管轄區的監管監督，儘管不符合UCITS標準。投資者須承擔1.50%的總費用比率(TER)，該費用涵蓋管理費用和與ETN相關的其他運營費用。
來源：VanEck
根據VanEck數字資產研究負責人Matthew Sigel在社交媒體平臺X上的公告，該產品現在爲整個歐盟的投資者提供質押獎勵，使投資者能夠每日自動再投資獲得的SOL獎勵。
VanEck Solana ETN直接在產品的淨資產價值(NAV)中反映質押獎勵，從而增加每股關聯的Solana (SOL)數量。VanEck對質押獎勵收取25%的費用，此舉類似於他們在4月對以太坊ETN的更新，該更新引入了以太坊的質押獎勵。然而，在美國，帶有質押獎勵的加密ETF尚未獲得證券交易委員會(SEC)的批准。
閱讀關於$VSOL質押和費用的信息 –> https://t.co/wwdhYfta2yEU 朋友們，請在投資前閱讀VSOL招募說明書 –> https://t.co/OWSejUxG4s
— matthew sigel, recovering CFA (@matthew_sigel) 2024年10月21日
VanEck Solana ETN使投資者能夠自動獲得質押獎勵，無需任何主動參與。質押過程完全爲非託管，確保用於質押的SOL始終由託管人控制。這消除了任何借貸風險，因爲SOL從未轉移出託管人的冷存儲，確保資產的安全性。無論何時購買ETN，投資者都平等享受質押獎勵，在扣除25%的質押費用後進行按比例分配。
這些獎勵包括通貨膨脹、MEV和區塊獎勵，每個交易日結束時每日加入ETN的淨資產價值(NAV)。這些獎勵是通過將SOL委託給驗證者生成的，但資產的控制始終掌握在託管人手中。驗證者節點根據每個紀元的基礎獲得獎勵，這些獎勵被再投資入ETN，從而幫助提升產品的整體表現。
投資者保留像其他交易所交易產品一樣買賣或持有該ETN的能力，確保充分的流動性，儘管質押過程存在。VanEck強調，質押不會影響ETN的可贖回性，即使質押的抵押品被鎖定。Solana的年質押收益通常在7%到9%之間，儘管這一利率可能會因多個因素而變化，包括網絡上的驗證者數量和Solana交易的需求。
質押的非託管性質意味着SOL始終保持在冷存儲中，並且不發生資產借貸。投資者獲得的淨質押獎勵在扣除25%的質押費用後計算，這些獎勵每日併入NAV。儘管質押獎勵提供了額外收入的潛力，但並不保證，收益可能會隨着網絡和更廣泛市場條件的變化而波動。

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