According to the Jito Foundation, VanEck has filed an S-1 application with the Securities Exchange Commission (SEC) to launch the VanEck JitoSOL ETF, the first spot Solana ETF fully backed by liquid staking tokens (LSTs).
The ETF will use Jito Network's JitoSOL token as the underlying asset. Before the application was submitted, the relevant parties had several rounds of communication with regulators, including:
February-March 2025: Meeting with the SEC and publishing a classification analysis of JitoSOL securities.
From May to August 2025, the SEC released a policy statement on contractual and liquid pledging activities.
Under the SEC's 2025 guidance, liquid pledged tokens are treated as technical certificates rather than securities under certain structures. Such ETFs offer investors the advantages of daily redemption capabilities, a clear regulatory framework, pledged returns, and cyber security contributions.
VanEck Submits JitoSOL ETF Application Documents
2025-08-22 15:35:52
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
