FameEX Hot Topics | The U.S. Crypto ETF Boom Is Officially Underway

VanEck has rolled out the third U.S. exchange-traded fund offering Solana staking rewards, intensifying competition in the fast-growing altcoin ETF space. Launched Monday under the ticker VSOL, the fund joins similar products from Bitwise and Grayscale that debuted in late October and have already attracted more than $380 million in combined inflows. The rapid pace of launches reflects a broader wave of cryptocurrency ETFs hitting the market following regulatory shifts that have dramatically streamlined approvals.

Like its predecessors, the VanEck Solana ETF allows investors to earn staking yields by locking up SOL tokens on the blockchain while trading the fund like a traditional stock. To gain market share, VanEck is waiving its 0.30% management fee until February 17, 2026, or until assets reach $1 billion. The move comes as the Securities and Exchange Commission relaxed listing standards in September, eliminating the need for lengthy individual fund reviews and opening the floodgates for crypto-linked products.

The race is heating up further: Bloomberg ETF analyst Eric Balchunas confirmed that Fidelity’s Solana ETF (ticker FSOL) is scheduled to begin trading Tuesday, becoming the fourth fund in the category and the largest manager to enter the field so far, with BlackRock notably absent. Balchunas also anticipates Grayscale’s Dogecoin ETF launching as soon as November 24, following an amended filing that started a 20-day window during which the SEC can object—but has given no indication it will.

If approved, Grayscale’s product would become the first U.S. ETF to directly hold actual Dogecoin, unlike the earlier REX-Osprey DOGE ETF, which is constrained by 1940 Act rules and can only invest through an offshore subsidiary. Bitwise is also in line for a potential late-November launch of its own spot Dogecoin ETF after triggering the same 20-day countdown earlier this month. With multiple high-profile altcoin funds either live or imminent, the U.S. crypto ETF landscape is expanding at an unprecedented speed.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.