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VanEck, a leading asset management firm, has unveiled a groundbreaking staking option for its Solana exchange-traded notes (ETNs) in Europe. This new offering employs a non-custodial staking method, allowing investors to retain full control over their assets. This approach significantly reduces the risks typically associated with traditional staking practices. As a bonus, investors do not need to take any steps to receive staking rewards; these are automatically integrated into the equity of the Solana ETN.
The firm’s innovative strategy includes automatically distributing all staking rewards accrued in the previous period among investors, after a 25% fee deduction. By enabling SOL token delegation to validators while maintaining custodian oversight, VanEck has enhanced the attractiveness and trust in this novel investment product, boosting confidence among European crypto investors.
