VanEck Seeks Approval to Launch Solana Staking ETF

VanEck has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) aiming to launch an exchange-traded fund (ETF) focused on Solana (SOL) staking rewards. This application marks a significant step towards integrating blockchain-based yield-generating assets into traditional investment platforms. The proposed ETF, called JitoSOL, will track the price of SOL while also reflecting the income generated through staking on the Solana network, allowing for direct transfer of rewards to investors via the fund.