VanEck has selected SOL Strategies to provide staking services for its SOL spot ETF

ChainCatcher news, according to The Block, Solana asset reserve company SOL Strategies announced on Monday that it will provide staking services for VanEck's Solana spot ETF.

According to the announcement, VanEck has selected SOL Strategies to stake the SOL held by its ETF. The ETF recently submitted an 8-A registration statement to the US SEC, and the staking service will be implemented through the Orangefin validator node, which SOL Strategies acquired last December.

Currently, the validator node of this Solana asset company has obtained ISO 27001 and SOC 2 certifications, securing over 610 million Canadian dollars (approximately 437 million US dollars) in staked assets.