VanEck Seeks Solana Staking ETF Approval

Van Eck, a well-established asset manager, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Solana (SOL) staking exchange-traded fund (ETF). This proposed fund would allow investors to participate in the Solana blockchain’s rewards program, offering potential returns through both SOL ownership and staking incentives. Notably, unlike traditional ETFs that solely track market price fluctuations, this JitoSOL ETF aims to incorporate staking-derived earnings directly into its payouts, creating a unique approach to investing in digital asset income.