VanEck files an 8-A form with the SEC for its Solana spot ETF

Van Eck, one of the most prominent ETF creators, signaled the launch of its Solana spot ETF may be coming soon. The fund filed an 8-A form with the US Securities and Exchange Commission, a document signaling an imminent launch.

The form is usually submitted a short period before the launch of the new asset. The latest submission follows an S-1 filing at the end of October.

Crypto ETF launch attempts continued in Q4, with Solana becoming one of the main assets of interest. The ETF launches and filings have continued despite the U.S. government shutdown period.

But in spite of the expectations of VanEck’s ETF, SOL prices remained weak, tracking the overall market downturn. SOL traded at $144.67, reflecting the general price weakness as BTC fell under $100K. VanEck continued with its filing process, despite the SOL downturn. The fund was extremely bullish on SOL, seeing prices above $500 by the end of 2025.

Solana ETF still mark inflows

As of November 2025, four ETFs are active, and another 10 await approval. The ETFs have retained their inflows for 12 consecutive days, unaffected by the outflows from BTC and ETH. They have not yet market a day of outflows since the initial launch, as SOL sees one of its first rounds of accumulation.

Solana ETF saw an initial period of positive inflows for 12 straight days. | Source: Farside Investors

Solana ETF attracted $369M in total inflows, with $18.1M for the past day. ETF valuations are still down, reflecting the SOL downturn over the past months.

Grayscale’s GSOL ETP also saw highly active trading, though the price lost around 30% in the past month.

ETF adds to SOL accumulation

The expansion of ETFs may boost the status of SOL as a reserve asset. SOL has a full ecosystem of staking for passive income and liquid staking tokens, expecting an accumulation similar to that of ETH.

The recent inflows are seen as institutional buying of SOL, the chain’s first exposure to direct inflows of traditional capital. The Solana ETF buying may be one of the few sources of new liquidity in the crypto space for the past months.

The recent ETF buying reflected the initial hype, but also continued as Wall Street investors bought the dip. The current price drop, from $190 to the $140 range, may test the readiness of ETF investors to build up reserves, as the coming days will show if ETF traders are panicking.

Currently, over 24M SOL are held by the combined reserves of treasury companies and ETFs. ETF may yet become net sellers, but overall, SOL holders try to tap the passive yield of up to 7.7%