VanEck Europe Compliance Solana ETN has now enabled staking functionality

ChainCatcher news, asset management company VanEck announced that its Solana exchange-traded note (ETN) launched in Europe has now enabled staking functionality. The staking method adopted by VanEck is fully non-custodial, meaning that the custodian of the ETN assets always has complete control over the staked assets, with no lending risk involved.

Investors in the Solana ETN do not need to take any action; if rewards are distributed, they will be credited to the ETN's token holdings. Regardless of whether the custodian purchased the ETN last year or just last week, the total staking rewards earned during the last period will be distributed equally (after deducting a 25% staking fee).