Global asset manager VanEck has filed for approval of a JitoSOL exchange-traded fund (ETF), marking the first attempt to bring a liquid staking token (LST) tied to Solana (CRYPTO: SOL) into U.S. regulated markets.
The registration, submitted to the Securities and Exchange Commission (SEC) on Friday, outlines the proposed VanEck JitoSOL ETF, which will track the price of JitoSOL, a tokenized version of staked SOL.
JitoSOL enables investors to earn on-chain rewards while retaining liquidity to trade or deploy assets across decentralized finance (DeFi).
The Jito Foundation described the fund as “the first spot Solana ETF 100% backed by a liquid staking token,” emphasizing its role in bridging institutional capital with blockchain …