3 hours ago
Jito announced the filing of an exchange-traded money (ETF) based wholly connected Solana liquid staking tokens successful a concern with VanEck.
According to an Aug. 22 announcement, the filing represents months of collaborative regulatory outreach betwixt Jito and VanEck, opening with archetypal meetings with the US Securities and Exchange Commission (SEC) successful February.
The concern aims to harvester Solana vulnerability with staking rewards successful a regulated wrapper accessible to accepted investors.
Matthew Sigel, caput of integer assets probe astatine VanEck, described the filing arsenic selective but significant.
He stated via X:
“We’ve been precise selective with our single-token ETF filings this year, but today’s S-1 for the VanEck JitoSOL ETF matters. If listed, it would correspond a caller portion of marketplace infrastructure that bridges DeFi innovation with TradFi accessibility.”
Regulatory clarity
The filing builds connected SEC unit guidance issued connected Aug. 5, which clarified that liquid staking activities bash not represent securities transactions erstwhile decently structured.
This guidance fundamentally removed the final regulatory hurdle for staking-enabled crypto ETFs.
Jito’s mentation included a March 2025 securities classification study explaining wherefore JitoSOL operates arsenic a decentralized infrastructure alternatively than a security.
The institution participated successful regulatory remark periods during the summertime of 2025, providing feedback connected the harmless usage of liquid staking tokens successful exchange-traded products.
Operational benefits
The announcement noted that the JitoSOL operation offers cardinal advantages for organization investors. Liquid staking tokens destruct unbonding delays, allowing regular ETF instauration and redemption portion maintaining staking reward accrual.
The attack provides regulatory clarity done modular ETF accounting methods, giving investors entree to staked Solana yields without operational complications.
Staking yields tin offset oregon transcend disbursal ratios connected networks similar Solana, perchance improving semipermanent returns. The operation supports web information by decentralizing involvement crossed validators, meaning investors lend to blockchain health.
Jito Foundation Chief Commercial Officer Thomas Uhm worked with ETF issuers, custodians, and exchanges to found infrastructure enabling VanEck’s merchandise launch. The effort received enactment from Multicoin Capital, the Solana Foundation, and VanEck.
Further, VanEck and Jito articulation Canary Capital and Marinade successful the radical of issuers partnering with liquid staking protocols. Canary amended its Solana ETF filing successful May 2025 to sanction Marinade Select arsenic its staking provider.
The S-1 filing initiates a reappraisal process earlier imaginable marketplace listing, positioning Jito to beforehand organization crypto adoption done regulated on-chain concern products.
The station VanEck and Jito record the archetypal liquid staking-backed Solana ETF appeared archetypal connected CryptoSlate.
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