VanEck seeks SEC approval for the first spot Solana ETF backed by JitoSOL, leveraging recent regulatory clarity on staking to offer liquidity, transparency, and staking yield benefits.
According to an official announcement, VanEck has submitted an S-1 filing for the VanEck JitoSOL ETF, the first spot Solana exchange-traded fund fully backed by the liquid staking token JitoSOL. The move follows the SEC's 2025 clarification that certain staking and liquid staking structures do not qualify as securities transactions. The ETF aims to provide liquidity, regulatory and tax clarity, and fee offsets through staking yields, while JitoSOL supports Solana network security via decentralized staking. The application is currently under SEC review.