VanEck has partnered with Kiln, an enterprise staking service, to offer regulated access to solana staking rewards in addition to the price of SOL. VanEck is one of the few firms offering regulated solana funds in Europe. The approval of spot bitcoin ETFs in the US has driven the recent bullish market cycle for cryptocurrencies, and VanEck and 21Shares have applied for spot SOL ETFs. However, talks have stalled over concerns that solana is a security. Currently, Europe is the major market for regulated solana products, with 21Shares' solana staking ETP being the third-largest in Europe. VanEck's European solana fund has a smaller asset under management (AUM) compared to others. The addition of staking rewards via Kiln may be a move to grow VanEck's AUM. Staking rewards are expected to become standard for solana ETPs in Europe, while the US market awaits the outcome of the election.



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