What you could do is to buy and sell solana as a currency by signing up to Lunar Block - and you can do all that directly from your Lunar app.

Download the Lunar app now

If you’d rather invest in solana like stocks - maybe because there are other tax regulations for stocks versus cryptocurrencies - you do have some options.

For example, you could buy your way into some funds - ETFs or ETNs - who follow the rate of solana. Then, instead of investing directly in solana, you’re investing in a fund that follows the rate of solana’s rate developments.

Follow solana’s rate here .

What are ETFs and ETNs?

ETF stands for Exchange Traded Fund, while ETN stands for Exchange Traded Note. Both types try to follow the rate developments of a certain market – such as the solana market.

So, when solana sees a 20% increase in value, a successful ETF or ETN will then also see a 20% increase in value. 

The difference between ETFs and ETNs

An ETF owns the stocks it tries to follow. That means that when you invest in a solana ETF, you’re investing in a fund that also owns solana. An ETN doesn’t own the stocks it tries to follow. An ETN works similarly to a bond of debt. If you purchase a solana ETN, the issuer of the ETN will then be indebted to you. The debt is then of the same value as the rise in value there has been on the market the ETN follows.

But since these are bonds of debt, where there’s no real ownership over actual assets, you could risk that the issuer goes bankrupt. This would mean that you could lose all the money you’ve invested.

With an ETF, the situation would rarely go this sideways. Because the ETF actually owns the assets - such as solana - the ETF can then choose to sell their solana coins, in order to raise capital to pay back their investors.

There are pros and cons to both types of funds, which you should consider before investing.

How do solana ETFs and ETNs work?

When you invest in ETFs or ETNs it works sort of like a stock. This means that gains and losses are taxed after existing taxation laws for stocks. Your investments can either be taxed as income on equity or as capital income, and further after the asset liquidation principle or inventory principle. Exactly as you know it from the regular stock world.

When you’re trading solana as a currency, you don’t have access to income on equity. Here, certain taxation rules apply, which you can get more information on here.

Tip: Read more about the special tax regulations for crypto , including solana, here.

Be aware that you can’t use your solana coins for staking with ETFs and ETNs. In short, solana staking is when you use your solana coins to ‘work’ for the blockchain network - a work which is rewarded with more solana coins.

Because ETFs and ETNs do not give you any ownership of solana coins, you can’t use them for staking, which would otherwise be an option, had you invested directly in them.

Buy solana now

Cryptocurrencies can rise and fall

When you trade cryptocurrencies, you need to be aware that it carries a large risk. The value of your cryptocurrency can both rise and fall, and you can risk losing the entire amount you’ve invested in cryptocurrencies.

Cryptocurrency trading is done through Lunar Block. Lunar Block is not regulated by the Danish Financial Supervisory Authority (Finanstilsynet). That means you won’t have the same protection as when trading e.g. stocks or others.

Buy solana ETFs and ETNs through Invest

Do you want to invest in solana ETFs and ETNs?

You can handle it all with Lunar. Download the app for free, sign up to Invest and get started in minutes.

We’re cooperating with Saxo. You’re investing through Saxo Bank when you sign up to Invest. You’re just doing it all directly from your Lunar app, making it way easier.

Download Lunar for free now

You can also buy solana via Lunar Block

ETFs and ETNs aren't the only things Lunar can help you with.

From your app, you can also sign up to Lunar Block , which is probably Denmark’s easiest platform for buying and selling solana and other cryptocurrencies.

Here, you’re not investing in stocks, bonds of debt or funds - you’re buying solana directly.

Download Lunar for free now - and sign up to Lunar Block

What you’re getting

• The world’s leading cryptocurrencies
• Everything in one app. Buy and sell without a wallet
• Simple trading platform without buzzwords
• A low, set trading price of 2,5% for Standard users, 1,5% for Premium users, and just 1% if you have Pro
• No pointless fees
• Best crypto prices across three of the largest exchanges
• Guide to tax reporting to Skat
• Track price developments and set price alerts on currencies you follow

Cryptocurrencies can rise and fall

When you trade cryptocurrencies, you need to be aware that it carries a large risk. The value of your cryptocurrency can both rise and fall, and you can risk losing the entire amount you’ve invested in cryptocurrencies.

Cryptocurrency trading is done through Lunar Block. Lunar Block is not regulated by the Danish Financial Supervisory Authority (Finanstilsynet). That means you won’t have the same protection as when trading e.g. stocks or other regulated assets.

We do not counsel

We do not advise on currencies and do not make recommendations for either buying or selling. We can provide factual information about the different currencies, but past price developments are not an indication of future developments.

No information from Lunar Block should therefore be considered as recommendations and all decisions are up to you alone.