VanEck proposes JitoSOL ETF, signaling new chapter in potential crypto staking funds https://t.co/GmyfRAlLdD
🚨 BREAKING: VANECK FILES S-1 FOR JITOSOL ETF — THE FIRST SOLANA LST-BACKED ETF!!!🚨 https://t.co/ji6jtGYdNP
#Solana ETF News: @vaneck_us files an S-1 for a @jito_sol Spot ETF https://t.co/oGEzMvgoPu https://t.co/8VQ5RarOIi
Asset-manager VanEck filed a Form S-1 with the U.S. Securities and Exchange Commission on 22 August seeking to launch the VanEck JitoSOL ETF, an exchange-traded fund that would hold JitoSOL, a liquid staking token linked to the Solana blockchain. If approved, the product would be the first U.S. ETF fully backed by a liquid staking token and the first to give investors regulated exposure to Solana staking rewards. The filing underscores rising institutional interest in decentralized-finance yield strategies and tests the regulator’s stance on staking-based funds. VanEck, which oversees roughly $89 billion in assets, has previously pursued spot cryptocurrency ETFs. The SEC has yet to clear any staking-focused ETF, leaving the timeline for a decision on the JitoSOL application uncertain.
