VanEck’s Bold Move: How the New JitoSOL ETF Could Shatter the Rules and Ignite a Liquid Staking Revolution!
Ever wondered if staking your crypto could get any easier—or more legit? Well, VanEck just turned that “what if” into reality by filing for a JitoSOL ETF, aiming to bring liquid staking of Solana tokens straight into the mainstream investment world. This isn’t your typical crypto story; it’s a game-changer, especially since the SEC recently clarified that certain liquid staking activities don’t fall under securities laws—clearing a path for innovation to thrive. Imagine getting exposure to staked SOL and its rewards without jumping through hoops or navigating complicated wallets—through your regular brokerage account no less! It’s one of the first moves to package a Solana liquid staking token in an ETF format, signaling a bold step toward blending decentralized finance with traditional markets. This shift could reshape how investors think about staking and regulatory hurdles alike. Buckle up, because this isn’t just a filing—it’s a signpost showing where crypto investing might be headed next. LEARN MORE.
The guidance, issued earlier this month, extends regulatory relief to key DeFi players, ensuring their operational freedom within a clarified legal framework.
Key Takeaways
- VanEck is seeking SEC approval to launch a JitoSOL ETF, offering exposure to staked SOL and its rewards.
- The ETF is among the first to focus on a Solana liquid staking token rather than a base crypto asset.
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Prominent asset manager VanEck has submitted an application with federal securities regulators to offer an exchange-traded fund that will hold JitoSOL, a liquid staking token on the Solana blockchain.
According to a Form S-1 filed by VanEck Digital Assets on August 22, the proposed JitoSOL ETF aims to track JitoSOL’s price, which represents ownership of staked SOL tokens plus accumulated staking rewards.
The fund will be structured to allow investors exposure to SOL and staking yields through traditional brokerage accounts.
The move represents one of the first ETF applications designed to wrap a Solana liquid staking token rather than a base crypto asset. It follows the SEC’s recent guidance stating that certain liquid staking activities are not securities transactions and therefore do not require registration.
That clarification was issued under the SEC’s Project Crypto initiative, which seeks to modernize rules around activities like staking, custody, and token distribution. The effort could pave the way for approval of crypto-linked products, including Ethereum ETFs that incorporate staking.
Commenting on the filing, Jito said that it is the culmination of months of engagement with the SEC and ecosystem partners, helping establish liquid staking tokens as compliant building blocks for ETFs.
“The S-1 filing begins a review process prior to possible market listing,” the team said in a Friday statement. “As always, we will continue to work collaboratively with regulators and market participants to ensure high standards of compliance, transparency, and investor protection. This is one step in our ongoing mission to narrow the distance between high-performance, credibly neutral infrastructure and the world’s largest capital allocators.”
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