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VSOL VanEck Solana ETN Please read important disclosure Close important disclosure true
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VSOL

Solana ETP
VanEck Solana ETN

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VSOL

Solana ETP
VanEck Solana ETN

ISIN: DE000A3GSUD3 copy-icon
WKN: A3GSUD copy-icon

Product Description

Track the blockchain platform built for speed and capacity. Solana is one of the fastest blockchain platform, allowing blockchain developers to scale apps at very low cost.

  • NAV
    $10.15

    as of 20 Dec 2024
  • YTD RETURNS
    81.23%

    as of 20 Dec 2024
  • Total Net Assets
    $95.50 million

    as of 20 Dec 2024
  • Total Expense Ratio
    1.50%
  • Inception Date
    13 Sep 2021
  • Gross staking yield
    6.60%
  • Note Characteristic
    Physical Redemption*

Overview

Product Description

Track the blockchain platform built for speed and capacity. Solana is one of the fastest blockchain platform, allowing blockchain developers to scale apps at very low cost.

  • Blockchain platform designed for speed and scalability
  • Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
  • 100% collateralized with Solana (SOL)
  • Stored at a regulated crypto custodian with crypto insurance (up to a limited amount)

The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.

This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.

Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Staking activities could lead to losses. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks

Underlying Index

MarketVector Solana VWAP Close Index (MVSOLV Index).

Fund Highlights

  • Blockchain platform designed for speed and scalability
  • Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
  • 100% collateralized with Solana (SOL)
  • Stored at a regulated crypto custodian with crypto insurance (up to a limited amount)

Risk Factors: Volatility Risk: 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.Currency Risk, Technology Risk, Legal and Regulatory Risks

Underlying Index

MarketVector Solana VWAP Close Index (MVSOLV Index).

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.

Performance

Holdings

Portfolio

Documents

Index

Index Description

The MarketVector Solana VWAP Close Index is designed to track the performance of a Solana digital asset. There is no component other than Solana in the index. The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at 16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET. The VWAPs are calculated with CCCAGG prices. Further information about MVSOLV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.

Awards

Main Risk

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.