🚨 Crypto Industry Rallies Behind Liquid Staking for Solana ETFs

🌐 In a bold move to modernize ETF structures, Bitwise, VanEck, and key stakeholders including Jito Labs and the Jito Foundation have urged the SEC to approve Liquid Staking Tokens (LSTs) for Solana ETFs.

📩 A joint letter submitted in support of ETF filings by Fidelity, Franklin Templeton, Grayscale, and 21Shares outlines how liquid staking can revolutionize crypto investment products.

💡 Why it matters:

▫️ LSTs like JitoSOL make staking accessible, liquid, and reward-generating.

▫️ Investors earn validator rewards without managing nodes or facing lock-up periods.

▫️ Solana’s LST model promotes decentralization by distributing assets across validators.

📢 This push signals a major leap toward mainstream, yield-bearing digital assets — and a future where ETFs are smarter, more efficient, and decentralized.

#Solana #ETFs #DeFi #Bitwise #VanEck

https://coingape.com/bitwise-vaneck-push-sec-approval-for-lsts-in-solana-etfs/?utm_source=bnb&utm_medium=coingape