SOL Strategies to provide staking services for VanEck’s Solana ETF

SOL Strategies, a Solana treasury firm, announced that it has been selected by VanEck to provide staking services for the SOL holdings of its forthcoming Solana Exchange-Traded Fund (ETF), which recently filed its 8-A statement with the SEC. The staking operations will be conducted through SOL Strategies' Orangefin validator, which the company acquired last December. VanEck cited SOL Strategies' proven track record in validator operations and institutional focus as key factors in their decision. SOL Strategies, which rebranded from Cypherpunk Holdings, aims to bridge traditional finance with decentralized infrastructure and currently secures over CAD$610 million in staked assets through its certified validators. This selection highlights institutional interest in compliant Solana staking solutions, according to Michael Hubbard, interim CEO of SOL Strategies.

(Source：The Block)