Gemini has announced it will provide custody services for VanEck's Solana ETF (VSOL), marking a significant step in the expanding crypto ETF market. The ETF, which tracks Solana's spot price and includes staking rewards, aims to attract early investors by waiving sponsor fees for the first $1 billion in assets until February 17, 2026. Gemini will handle custody, clearing, and settlement for the ETF, maintaining its SOC 1 Type 2 and SOC 2 Type 2 certifications.
As the ETF enters the market, Solana's price hovers near $140, with analysts identifying resistance at $144 and support between $138 and $134. This development underscores the growing interest and competition in the crypto ETF space, as firms like VanEck seek to capitalize on the increasing demand for digital asset investment products.
Gemini to Custody VanEck's Solana ETF Amid Growing Crypto ETF Market
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