VanEck Launches Third Solana ETF as Investor Interest in Altcoins Grows

Jakarta, Pintu News – In the ever-evolving world of crypto investment, new products such as Solana (SOL) and Dogecoin (DOGE)-based exchange-traded funds (ETFs) are gaining traction.

VanEck, Grayscale, and Bitwise are some of the big names that have launched ETFs that allow investors to gain direct exposure to these altcoins without having to physically hold the coins. This marks a new era in crypto portfolio diversification.

Solana ETFs: VanEck Innovation

VanEck recently launched its third Solana ETF in the United States, marking an important step in the popularity of altcoin-related ETFs. This ETF, named VSOL, offers a staking yield to investors holding Solana tokens in the fund.

Read also: Largest Corporate Solana Holder Moves 1.8 Million SOLs – Sign of a Big Sell Off?

To attract investors, VanEck has waived the 0.3% management fee until the fund reaches $1 billion or until February 17. This ETF joins similar products from Bitwise and Grayscale who have launched their own Solana staking ETFs in late October.

Since launch, the two funds have raised over $380 million in assets, demonstrating strong interest from investors in products that offer exposure to Solana.

Dogecoin ETF: The Next Step

Not only Solana, Grayscale is also planning to launch the first Dogecoin ETF in the United States, which is scheduled to begin trading on the New York Stock Exchange on November 24, subject to approval. The product is a conversion of the existing Grayscale Dogecoin Trust.

Bitwise has also shown interest in launching their own Dogecoin ETF, with filings suggesting a possible debut by the end of November. This move shows that altcoin-focused ETFs like Dogecoin aren’t just limited to Solana.

With the SEC rule changes making it easier for new products to enter the market, it is expected that more similar products will follow in the coming months.

Read also: Prediction vs Reality: Where Will the Crypto and Bitcoin Market Go by the End of 2025?

Market Impact and Outlook

The launch of this ETF comes at a time when Solana’s price has fallen sharply, according to recent market data.

However, market analysts have identified that there is a critical price band that if sustained, might reduce the bearish momentum. The performance of this ETF will largely depend on the future price trajectory of Solana and Dogecoin.

Additionally, with a growing number of crypto-focused ETF products, investors have more options to diversify their portfolio beyond Bitcoin (BTC) and Ethereum (ETH). This shows a shift in the crypto market, where investors are looking to diversify their investments into newer and potential altcoins.

Overall, with the launch of Solana and Dogecoin ETFs by major firms such as VanEck and Grayscale, as well as growing interest from investors, the future of crypto investing looks to be increasingly diverse.

These ETFs not only provide easier access to altcoins, but also offer a new way for investors to earn returns through staking, opening up new opportunities in crypto investment.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Amin Ayan. VanEck Launches Third US Solana Staking ETF as Altcoin Funds Surge. Accessed on November 19, 2025
• Blockonomi. VanEck Debuts Third US Solana Staking ETF Amid Growing Altcoin ETF Surge. Accessed on November 19, 2025
• Crypto News. VanEck Launches Solana ETF Stakes for Investors. Accessed on November 19, 2025