VanEck Files for JitoSOL ETF Approval, First Liquid Staking Solana Fund for Investors
VanEck has filed for SEC approval of the VanEck JitoSOL ETF, designed to track JitoSOL, a liquid staking token (LST) representing staked SOL that remains tradable while earning on-chain rewards. The Jito Foundation calls it the first spot Solana ETF fully backed by an LST, marking a key step in bridging blockchain infrastructure with institutional investors. The proposal follows regulatory clarity from the SEC, which recently indicated that certain proof-of-stake and liquid staking activities are not considered securities. This move comes amid broader SEC openness to crypto ETFs, including spot Bitcoin and Ethereum funds, and builds on prior partnerships such as REX-Osprey’s Solana staking ETF with JitoSOL.