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Solana ETN

Built for Speed and Scale

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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 staking or lending risk
  • 1.5% total expense ratio
VSOL

ETN-Details

ETN-Details

Basis-Ticker: VSOL
ISIN: DE000A3GSUD3
TER: 1.50%
AUM: $52.2 M (as of 16-04-2024)

Lower risk

Typically lower reward

Higher risk

Typically higher reward
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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.

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.

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:

  • 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.

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.

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The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions. Digital assets' value depends on such regulation remaining favorable, as well with the technological capabilities, the development of protocol networks, competition from other digital asset networks and from forks. Volatility can be strongly amplified by transactions from speculative investors, hedge funds and other large investors. You may experience losses if you need to sell your Shares at a time when the price of the underlying digital asset is lower than it was when you made your prior investment. Even if you are able to hold Shares for the long-term, your Shares may never generate a profit. This is a risk factor to consider when investing in a Solana ETN.

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If the currency of the Product differs from the currency you invest in, your final return depends on the exchange rate between your investment currency and the currency of the Product. This is one of the factors to take into account when considering an investment in a Solana ETN.

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Trading venues and systems used by market participants to trade the Digital Asset may be subject to hacking and could result in loss of the Product. That is another factor to take into account before investing in a Solana ETN.

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As a later entrant, Solana may struggle if emerging regulation entrenches market position of current leaders or otherwise hinders new development. That is one of the risk factors to consider when investing in a Solana ETN. 

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If the network model doesn’t attract developers to build dApps and other blockchain projects, then SOL token price will likely struggle. That is another factor to take into consideration before making an investment in a Solana ETN.

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Solana is still transitioning to a user-governed protocol and there is still uncertainty regarding the model. That is another factor to take into consideration before investing in Solana ETN.

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