VanEck Files for Staked Solana ETF to Attract Traditional Investors
VanEck has submitted an application to launch a staked Solana (SOL) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Key details include:
- The ETF would hold JitoSOL, a liquid staking token from the Solana blockchain.
- JitoSOL represents ownership of SOL tokens that have been staked and accrue staking rewards.
- This ETF aims to provide income from staking, not just track the price of SOL.
- The SEC is currently evaluating how staking components can be integrated into crypto investment funds.
Regulatory Update
SEC Chair Paul Atkins mentioned the need to clear regulatory bottlenecks to foster innovation in the industry. He indicated that future SEC rules should adapt to new technologies and support products like liquid staking ETFs. VanEck is among several asset managers pursuing this type of fund, alongside Fidelity, Grayscale, and Franklin Templeton.