VanEck Files for Spot Solana ETF Utilizing JitoSOL with SEC
VanEck has filed for a spot Solana ETF backed by JitoSOL with the SEC, marking the first fund to use a liquid staking token. This new structure allows users to stake their SOL while maintaining liquidity for DeFi participation.
Key Points
- The ETF could provide new investment opportunities as the Solana ecosystem grows.
- The SEC has recently updated its stance on liquid staking, aiming to clarify regulations in the digital asset market.
- At least nine Solana ETF applications are pending SEC approval, reflecting rising interest in liquid staking.
- Recent SEC guidance indicates that certain liquid staking activities might not qualify as securities under existing laws.
- VanEck's application led to a 10% increase in SOL’s price within 24 hours.
