VanEck and Kiln Partner to Provide SOL Staking Services

Odaily News Asset management company VanEck has partnered with Kiln to provide SOL staking services. Through this move, VanEck will provide regulated Solana staking rewards and become one of the few companies in Europe to offer regulated Solana funds. VanEck and 21Shares both applied for spot SOL ETFs this summer, but negotiations appear to have stalled due to reported concerns by the SEC about whether Solana is a security. Matthew Sigel, head of digital asset research at VanEck, said he believes staking rewards will become a bet for Solana ETPs in Europe. (Blockworks)