IPO - VanEck Solana Trust

Form Type: S-1/A

Filing Date: 2025-06-13

Corporate Action: Ipo

Type: New

Accession Number: 000202854125000002

Filing Summary: This document is an amendment to the registration statement for the VanEck Solana ETF, which aims to issue common shares that will be listed on the Cboe BZX Exchange under the ticker symbol VSOL. The ETF's investment objective is to reflect the performance of Solana (SOL) and potential rewards from staking SOL. VanEck Digital Assets, LLC serves as the sponsor, while the Trust intends to hold SOL and will value its shares based on the MarketVector Solana Benchmark Rate. The Trust plans to conduct a continuous offering of its shares, with subscription and redemption processes facilitated by authorized participants. Significant risks involving SOL and the Solana Network are highlighted, including the potential decline in value and regulatory issues. Furthermore, the document discusses the structure and operations of the Trust, emphasizing that it is not registered under the Investment Company Act of 1940, and outlines the savvy approach to staking SOL for potential rewards.