Crypto: Grayscale Announces DOGE ETF for Monday, With Solana Already Live

VanEck’s Solana ETF has just entered the scene, and it’s not just another product on the altcoin shelf. We are witnessing a real flood of crypto funds on the stock market, with Solana and soon Dogecoin at the forefront. Between slashed fees, integrated staking, and a race against regulatory time, a new battle is playing out far from traditional exchange platforms.

VanEck Pulls Out Its Solana ETF: Fees Slashed and Staking Included

VanEck launched its Solana ETF, the VSOL, in a market already occupied by Bitwise and Grayscale. But the firm understood a simple thing: to attract capital, you have to be aggressive. As a result, VanEck’s Solana ETF relies on two major levers. It offers Solana staking yields, since part of the SOL is locked on the blockchain to generate rewards. Moreover, the 0.3% fees are purely and simply waived temporarily, until February 17 or until the symbolic cap of one billion dollars in assets.

With staking integrated, the traditional investor, who wants neither seed phrase nor wallet, finally captures part of the on-chain yield without leaving their brokerage account. We are witnessing a form of “DeFi packaged for Wall Street.” This packaging simplifies life for managers as well as individuals. No need to understand Solana’s technical details to benefit from it.

In the background, the SEC in September relaxed listing standards for crypto ETFs. Less friction, fewer delays, so more products. Asset managers rush into the breach. Especially since Solana, now established as one of the main competitors to Ethereum, becomes a strategic asset for those betting on the economy of high-performance blockchains. The Solana ETF thus becomes a regulated gateway to this ecosystem.

Fidelity Arrives on Solana While Dogecoin ETFs Prepare

The arrival of the Fidelity Solana ETF (FSOL) adds an extra layer of competition. Fidelity never comes to play small. With several Solana ETFs already in place, including VanEck’s, the war is now on fees, liquidity, and the ability to attract institutional investors. BlackRock, for now, remains on the sidelines regarding Solana. This silence speaks volumes: the field is open for other giants seeking to establish themselves as leaders in listed altcoins.

Meanwhile, another topic is generating a lot of talk: Dogecoin. Grayscale is preparing to convert its Grayscale Dogecoin Trust into a spot ETF listed on the NYSE. If the SEC does not oppose it within the planned regulatory window, the market will see the birth of the first spot Dogecoin ETF in the United States. Unlike some more complex products, this one will have the capability to directly hold the memecoin as an underlying asset.

It is also necessary to mention initiatives already in place, such as the product launched by REX Shares and Osprey Funds, structured under the Investment Company Act of 1940. This framework forces it to go through an offshore subsidiary to hold the DOGE. It is a heavier, less direct architecture that well illustrates the ongoing transition: from legal patchwork to simpler, clearer spot ETFs for investors.

What These ETFs Really Change for the Crypto Market

One might think these are simply new tickers to follow. In reality, these Solana ETFs and the future Dogecoin ETFs redraw the flows. Instead of buying SOL or DOGE on an exchange, a portion of capital will pass through traditional stock markets. Securities accounts, investment plans, structured products: a whole universe will be able to connect to these ETFs.

After Bitcoin and Ethereum, the door is now open to major altcoins. Solana occupies the segment of a high-performance infrastructure and disputes with XRP the next key step in the ranking, in a crypto market undergoing full reorganization. Dogecoin embodies the narrative of a “meme” that became serious by the strength of its capitalization. Behind it, other projects watch, hoping to be next on the list.