October 15, 2025
Today we talk about Larry Fink. We are triple checking our notes to make sure we read that quote right…And, another Solana ETF announces its fee, so people can buy an on-chain asset off-chain.
Welcome to the Meridian Update, your daily on-chain report. It’s the middle of October. Does that mean things are about to get spooky? No idea, but yes Halloween decorations are around. Let’s dive in.
Larry Fink reads the Meridian Update?
It is possible. For those who don’t know, Larry Fink is the CEO of BlackRock. For those who don’t know, BlackRock is the largest money-management firm in the world. For those who don’t know, that doesn’t mean they own everything. BlackRock mostly makes products that allow people with money to own things through BlackRock products. For example, they make exchange-traded funds (ETFs), which you know about because you are a loyal reader of the Meridian Update or for some other reason.
Anyway, BlackRock is a company a lot of people know about. It would make news if Larry Fink, an important person in the world of off-chain finance, said something like We are looking into tokenizing stocks.
Larry Fink did not say that. No, he said:
“I do believe we’re just at the beginning of the tokenization of all assets.”
Larry Fink couldn’t be stopped at stocks! Everything on-chain. Yes, so, this made news. People talked about it. It might be worth keeping an eye on all assets being tokenized.
It takes two to tango, or three
We talked about the Bitwise Solana Staking ETF last Thursday. We talked about the Grayscale Solana Trust last Tuesday. We got a lot of calls asking, “Where is the Meridian Update coverage of the VanEck Solana ETF?” (We did not get any calls asking this). And who are we to not cover the VanEck Solana ETF?
We present to you, in all its glory, amendment number 5 to form S-1 for the VanEck Solana ETF. It was filed October 14, 2025.
Crypto Twitter was most interested in the fee, which this amendment announced. 0.30%. 0.28% fee for staking.
Again, you can’t own this on-chain. Unless…Unless! Unless Larry Fink tokenizes it. It is, after all, an asset by any reasonable definition of asset. And Larry Fink did not say some assets. He said all assets.” Could the Meridian Update’s dream of a tokenized off-chained on-chain asset come true?
That’s a wrap
Today we talk about Larry Fink. We are triple checking our notes to make sure we read that quote right…And, another Solana ETF announces its fee, so people can buy an on-chain asset off-chain.
Think we missed something today? Email email@meridianupdate.com.