Finance

VanEck and Grayscale Enter the Fray: How Solana and Dogecoin ETFs Will Reshape Crypto Investing

VanEck and Grayscale are launching Solana and Dogecoin ETFs, expanding crypto investment options by November 2025.

November 18, 2025, 10:22 AM

Close-up of a screen displaying a Solana (SOL) cryptocurrency chart, price, and green gains.

A detailed view of a screen showing the current price, high growth, and technical graph for Solana. By PJ McDonnell / Shutterstock.com.

Executive Summary

VanEck and Grayscale are set to launch new exchange-traded funds (ETFs) for Solana (VSOL) and Dogecoin (DOGE), expanding cryptocurrency investment opportunities.

The VanEck Solana ETF and the Grayscale Dogecoin Trust are anticipated to begin trading around November 18, 2025, with the DOGE ETF expected on the New York Stock Exchange.

These new funds will offer investors broader exposure to Solana’s native token (SOL), including staking rewards, and to Dogecoin’s price movements, integrating digital assets into traditional financial frameworks.

The Story So Far

The launch of new Solana and Dogecoin ETFs by VanEck and Grayscale marks a significant step in integrating digital assets into traditional financial frameworks, driven by increasing investor demand for diversified cryptocurrency exposure beyond Bitcoin and Ethereum, and a need for streamlined investment vehicles that simplify access to the evolving crypto market.

Why This Matters

The introduction of VanEck’s Solana ETF and Grayscale’s Dogecoin ETF marks a significant expansion of mainstream investment opportunities beyond Bitcoin and Ethereum, bringing popular altcoins and meme coins into traditional financial frameworks. This development not only offers investors diversified exposure to the crypto market through regulated products but also further legitimizes a wider array of digital assets, potentially setting a precedent for future altcoin-focused investment vehicles.

Who Thinks What?

VanEck and Grayscale are expanding investment opportunities in the cryptocurrency market by launching new ETFs for Solana and Dogecoin, aiming to integrate digital assets into traditional financial frameworks.

Investors will gain broader and more streamlined access to Solana’s native token performance, including staking rewards, and to Dogecoin’s price movements without needing direct cryptocurrency exchange purchases.

The introduction of these ETFs signifies a further integration of specific cryptocurrencies into traditional finance, with the Grayscale DOGE ETF potentially establishing a precedent for future meme coin investment products and the VanEck Solana ETF highlighting the appeal of advanced blockchain technology.

VanEck and Grayscale are poised to launch new exchange-traded funds (ETFs) for Solana and Dogecoin, significantly expanding investment opportunities within the cryptocurrency market. The VanEck Solana ETF (VSOL) and the Grayscale Dogecoin Trust (DOGE) are expected to begin trading around November 18, 2025, with the Grayscale DOGE ETF specifically anticipated on the New York Stock Exchange. These new funds aim to offer investors broader exposure to the performance of Solana’s native token, SOL, including staking rewards, and to Dogecoin’s price movements.

Grayscale DOGE ETF: Expanding Meme Coin Access

The Grayscale DOGE ETF represents the conversion of an existing fund into a publicly traded trust, offering a streamlined method for investors to gain exposure to Dogecoin without direct purchases on cryptocurrency exchanges. Grayscale amended its S-1 prospectus earlier this month, signaling the fund’s imminent launch.

This development occurs as meme coins continue to capture market attention, with Dogecoin having grown into one of the most recognized cryptocurrencies globally. The introduction of the Grayscale DOGE ETF could establish a precedent for future meme coin-focused investment products, aligning with the increasing demand for altcoin ETFs.

VanEck Solana ETF: Investing in Advanced Blockchain Technology

The VanEck Solana ETF (VSOL) is designed to provide access to Solana’s blockchain ecosystem, known for its efficiency, scalability, and capacity to handle high transaction volumes at low costs. This fund will track the price of Solana’s native token, SOL, and include rewards earned from staking the coin on the network.

VanEck’s introduction of VSOL reinforces its commitment to broadening access to digital assets, building upon its history with early Bitcoin and Ethereum ETFs. Solana’s rapidly expanding ecosystem and robust developer community present an attractive investment case for those seeking exposure to blockchain infrastructure beyond Bitcoin and Ethereum.

Future of Crypto Investing

These new ETF offerings from VanEck and Grayscale mark a further integration of digital assets into traditional financial frameworks. They provide diverse avenues for investors to participate in the evolving crypto market, particularly within the Solana and Dogecoin ecosystems.