Solana Latest Updates: VanEck's SOL ETF Custody Agreement Indicates Growing Institutional Adoption of Blockchain Assets

VanEck, a prominent asset management firm, has chosen

to provide custodial services for its forthcoming (SOL) spot ETF, representing a notable advancement in the institutional embrace of blockchain assets. The collaboration, revealed on November 17, 2025, will enable Strategies to utilize its Orangefin validator node— —for staking the SOL tokens held within the ETF. This initiative is in line with VanEck’s broader objective to grow its digital asset portfolio, following the successful introduction of two other Solana ETFs by Bitwise and Grayscale, .

The Orangefin validator node, which has earned ISO 27001 and SOC 2 certifications,

in staked assets, highlighting its robust security and reliability for institutional clients. Kyle DaCruz, VanEck’s digital assets director, pointed to SOL Strategies’ “established expertise in validator management and institutional orientation” as decisive reasons for the partnership. By engaging in Solana’s proof-of-stake mechanism, the ETF will generate returns while adhering to U.S. regulatory standards .

For SOL Strategies, this alliance strengthens its reputation as a connector between conventional finance and decentralized systems. The company, which transitioned from Cypherpunk Holdings in 2024, manages 524,000 SOL in its reserves and is listed under the tickers HODL (Canadian Securities Exchange) and (Nasdaq Capital Market). Michael Hubbard, acting CEO of SOL Strategies, stated that the partnership affirms the firm’s infrastructure strengths and mirrors the increasing institutional appetite for “regulated, high-efficiency staking services” .

The ETF, which has submitted an 8-A registration to the Securities and Exchange Commission, is set to benefit from Solana’s growing ecosystem. With two Solana ETFs already available, there is clear market enthusiasm for access to the blockchain’s native asset. VanEck’s participation may further solidify Solana’s status as a recognized asset,

.