Solana is the fastest smart contract platform with low transaction costs and is backed by a proven Silicon Valley entrepreneur.

VanEck ETN offers exposure to Solana with the convenience of trading on regulated stock exchanges and traditional brokers.

What are the main risk factors of investing in Solana ETN?

The main risk factors include potential losses and volatility, currency fluctuations, technology vulnerabilities, regulatory changes, adoption uncertainties, and governance risks.

Solana ETN

Built for Speed and Scale

Solana-themed graphics, designed to represent innovation in blockchain technology

VanEck Solana ETN

Exposure to the Solana smart contract platform, a blockchain competitor to the main actor Ethereum
100% collateralized with SOL in cold storage at a regulated custodian
Tradeable on regulated stock exchanges and traditional brokers
No lending risk

ETN-Details

Basis-Ticker:VSOL
ISIN:DE000A3GSUD3

TER:1.50%
AUM:$16.9 M (as of 27-02-2026)

Lower risk

Typically lower reward

Higher risk

Typically higher reward

Risk: You may lose money up to the total loss of your investment due to the extreme volatility of this asset class and the Main Risk Factors described below and additional risks described in the sales prospectus.

What is special about Solana?

Solana’s blazing speeds make it ideal for blockchain applications. It’s by far the fastest smart contract platform and has one of the lowest transaction costs.

The protocol is based on ‘proof-of-history’ crypto technology that is the key to its greater speed.

The platform is backed by a proven Silicon Valley entrepreneur, who discovered that the rival Ethereum was just not fast enough for blockchain apps. Today, Solana is one of the fastest-growing crypto platforms, with use-cases that range from finance to NFTs to gaming.

Scalable
Solana currently has one of the fastest block validation systems...

Scalable

Solana currently has one of the fastest block validation systems. It is 34 times faster than Ethereum and more than 1300 times faster than Bitcoin.

swipe

Sources: Kraken, Coinmarketcap, Solana, Coindesk, Ethereum foundation.
DPOS: Nodes are selected to act as validator nodes for a set time period based off of the number of votes they receive from other nodes.
	Bitcoin	Ethereum	Solana
# of active nodes	46,818	5,225	2,897
Block time	10 minutes	14 seconds	400 milliseconds

Low Cost
The transaction fee of Solana are one of the lowest in the Smart contract universe...

Why Invest in Solana ETN?

The Solana platform has been developed to meet a basic need identified by the market: a lightning-speed ecosystem that can scale to a billion simultaneous users.

It’s quickly attracting users, as the blockchain ecosystem rapidly evolves.

This ETN tracks the value of SOL and uses the MVIS CryptoCompare Solana VWAP Close Index for the calculation of its NAV.

Who is the founder of Solana?
Anatoly Yakovenko is the creator and Co-founder of Solana...

What is Proof of History?
A centralized creation of a (cryptographic) timestamp...

Strong funding position
Solana recently raised USD 314m to accelerate its development...

Solana Performance

Solana ETN by VanEck is based on the MVIS CryptoCompare Ethereum VWAP Close Index and closely tracks the solana price.

Source: VanEck, MVIS. The performance quoted represents past performance which is not a reliable indicator of future results. Future performance may be lower or higher than current performance. Investment returns will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost.

Solana ETN Benefits

Solana ETN is Simple and Reliable

VanEck gives you exposure to Solana without the hassle and operational risk of private keys and unverified exchanges. In summary, Solana ETN by VanEck offers a number of significant advantages:

Safety
100% Collateralized
Trades like a stock
Can be purchased through a regular bank or broker
Cost Efficient

Solana deposited in state-of-the-art cold storage¹
At Bank Frick & Co. AG, a custodian regulated under the “Law on Tokens and Trusted Technology Service Providers” ( “Blockchain Act”) and a holder of a “TT Token Depositary” license
Insurance (up to certain level)

Every Euro invested into a Solana ETN by VanEck will be used to buy Solana

Fully collateralized by physically buying Solana
No lending of Solana
No use of derivatives

Solana ETN can be bought/sold like a stock, which brings the following advantages:

Central clearing reduces counterparty risk in settlement of transactions
Transparency of issuer and investor documents
Indicative net asset values (without excessive premiums or discounts)
Sponsors/market makers enhance trading liquidity

No need for private keys or to store digital assets on a wallet
Can be integrated into your investment portfolio

Only 1.5% annual all-in fees, making it one of the least expensive products of its kind.

Key Documents and Links

Main Risk Factors of a Solana ETN

Despite all the hype, digital assets are a highly risky investment. Below are key risk factors that need to be considered before making an investment in Solana ETN.

Risk of Losses and Volatility
Technology Risk
Regulatory Risk

The trading prices of many digital assets have experienced extreme volatility in recent periods and may continue to do so, and staking activities may contribute to this volatility. There is a risk of total loss as no guarantee can be made regarding custody due to hacking risk, counterparty risk and market risk.

Trading venues/systems may be subject to hacking and can lead to loss.

market disruptions and governmental interventions may make digital assets illegal.