VanEck Solana ETF intends, beginning in October 2026, to make cash distributions to Shareholders at least quarterly, in a manner intended to be consistent with IRS Revenue Procedure 2025-31. Staking rewards will be held pending distribution, sale to fund a distribution, payment of applicable fees and expenses, or temporary re-staking if permitted by the Staking Policy and the guidance. The Trust expects to sell staking-reward SOL or an equivalent amount to fund distributions; sales may affect SOL exposure and NAV and may result in taxable income. The Trust cannot assure distributions in any particular amount or frequency, or at all.
VanEck Solana ETF (VSOL) will make its first cash distribution of $964,960 to shareholders of record on October 6, 2026. The distribution will be paid October 7, 2026, and shares are expected to begin trading ex-dividend October 6, 2026. The Trust intends to distribute staking income at least quarterly, net of applicable compensation to its staking services provider and any SOL custodian fee for facilitating staking.
To fund distributions, the Trust may sell staking rewards and/or a portion of its SOL, which may affect its SOL exposure and the Shares’ market price and/or net asset value. The Sponsor expects to declare distributions quarterly, but amounts depend on staking rewards, legal and regulatory requirements, and the Trust’s operational and liquidity needs. The Trust says the IRS may modify, clarify, or withdraw the guidance it cites, and gives no assurance about the tax treatment, amount, frequency, or payment of future distributions.
VanEck Solana ETF provides a six‑month snapshot through June 30, 2026, showing performance tightly linked to Solana (SOL). Net assets fell from $23.54 million at December 31, 2025 to $14.32 million, as SOL’s price declined 39.64% from $124.73 to $75.29.
NAV per share dropped from $16.23 to $10.05, a 38.08% total return loss for the six months and 8.72% loss for the quarter. The trust held 190,186.09 SOL at fair value of $14.32 million, including significant staked SOL. Realized and unrealized losses on SOL totaled $10.77 million, partially offset by $469,636 in net staking income and very low reported net expenses of 0.19% of average net assets due to fee waivers.
Management highlights that virtually all assets are in SOL, so NAV remains highly exposed to SOL’s price, staking risks, potential protocol changes such as the planned Alpenglow upgrade, and evolving U.S. digital‑asset and staking regulation, including the risk SOL could be recharacterized as a security.