VanEck Files to Introduce an ETF Centered on Jito Liquid Staked Solana Tokens

VanEck has recently submitted a filing to the U.S. Securities and Exchange Commission (SEC) to launch a new Exchange Traded Fund (ETF) that concentrates on Jito’s liquid staked Solana tokens. The proposed fund, named the “VanEck Liquid Staked Solana ETF,” aims to grant investors exposure to the potential staking rewards associated with Solana tokens through a regulated investment product. The fund will primarily invest in JitoSOL tokens, a liquid staking derivative of Solana that permits users to participate in the Solana ecosystem while still maintaining access to their assets. This move is seen as a significant development within the digital asset space, offering investors a novel option for engaging in the growth of the Solana network. It’s crucial to acknowledge, however, that the approval of this ETF remains uncertain, as the SEC has been meticulously scrutinizing and evaluating cryptocurrency-related ETF applications.