VanEck Enables Solana ETP Staking in Europe
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Asset management company VanEck announced on October 21 that its Solana exchange-traded note (ETN), launched in the European market, has successfully enabled the staking function.
The ETN’s asset management scale (AUM) is $73 million. Staking rewards will be automatically included in the ETN’s token equity and reflected in the daily terminal value.
The staking feature is built on Solana’s Delegated-Proof-of-Stake (DPoS) mechanism, where validators maintain and secure the network.
Matthew Sigel, VanEck’s Head of Digital Assets Research, announced the news today on X.
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