VanEck describes the yield from collateral as passive income. Additionally, VanEck’s collateralization method for ETN assets is completely non-custodial, meaning that the custodian of the assets has full control over the collateral and there is no lending risk involved. As for investors in Solana ETN, they do not need to take any additional action, as the income will be directly credited to their accounts and settled on a daily basis.
VanEck European Market Solana ETN Enters Staking Testing Waters for Future Ethereum ETF Pledging