VanEck Files JitoSOL ETF as SEC Approves Liquid Staking

Following the U.S. Securities and Exchange Commission’s (SEC) clarification that liquid staking tokens are not considered securities, VanEck has filed for a new exchange-traded fund (ETF) targeting Solana called the ‘JitoSOL ETF’. This development signals a significant shift in how crypto assets are regulated and opens up opportunities for yield-bearing products within traditional financial markets. The SEC’s decision has led to increased interest in liquid staking tokens from investors, particularly as it allows asset managers like Bitwise and Grayscale to revise proposals for U.S. spot Solana ETFs.