Gemini strengthened its position in the growing crypto ETF market after confirming custody services for the VanEck Solana ETF (VSOL). The ETF entered a rapidly expanding landscape in 2025, with investors showing greater appetite for regulated digital asset exposure.
Hence, the partnership arrives at a pivotal moment as Solana’s market activity accelerates and traders assess critical resistance levels on the charts. Besides, interest in Solana remains strong as staking rewards now feature in mainstream investment products.
VanEck Advances Access to Solana
According to the press release, VanEck positioned VSOL to track Solana’s spot price while offering staking rewards that enhance investor yield. VanEck removed the sponsor fee for the first $1 billion in assets until February 17, 2026. Its third-party staking provider extended the same waiver during this period.
Fees will adjust to 0.30% once the threshold or date arrives. This structure aims to accelerate early inflows as more investors explore yield opportunities within regulated products.
Kyle DaCruz, VanEck’s director of digital assets product, said Solana’s speed and efficiency continue attracting developers and real-world use cases. Moreover, the firm expects sustained interest as staking rewards broaden Solana’s appeal in traditional portfolios.
Gemini supports the ETF with custody, clearing, and settlement. The exchange maintains SOC 1 Type 2 and SOC 2 Type 2 certifications. It holds ETF assets separately for fund owners, ensuring 1:1 backing. Additionally, the company continues to emphasize strong compliance controls as institutional participation rises.
Solana Trades Below $144 as Analysts Flag Critical Levels
Solana traded near $140 as of press time after a mild weekly pullback. Market data shows a 1.59% seven-day decline, while daily losses remain limited. Analysts suggest the pullback reflects a test of strong resistance near $144, a level that repeatedly halted upward attempts.
Source: X
Ali Martinez notes Solana needs a breakout above $144 to avoid a slide toward $130, as repeated rejections have kept momentum weak, especially on lower timeframes. Moreover, traders watch support between $138 and $134, zones that held during earlier corrections.
Morecryptoonl said Solana reached the expected target at $146.50 overnight. He noted a brief move above $144.60 before sellers regained control. He added that another push remains possible as long as price holds above $134.80. He highlighted the next resistance zone between $152.60 and $157.30 if momentum strengthens.
Source: https://coinpaper.com/12879/gemini-secures-custody-for-van-eck-s-solana-etf-as-sol-stalls-near-144
