Before our eyes, something that seemed impossible just a couple of years ago is happening. Wall Street, battered by time and regulations, is preparing to let not just some Solana in, but also liquid staking tokens. Did you hear that? LST in ETF!
Guess who is asking the SEC again?
Have you ever heard how the word 'decentralization' sounds when pronounced by a VanEck lawyer? No? It sounds like 'We would like to marinate some JitoSOL and LsSOL in our ETF, sir, if you don't mind.'
In the chorus of those wishing to stuff staking into an ETF already:
Jito Labs (now not just a lab — it's almost NASA in the world of Solana),
Bitwise (these guys are everywhere),
Multicoin Capital (who apparently still have some money left after 2022),
VanEck (the same ones who tried to launch a bitcoin ETF back during Obama's time),
The Solana Policy Institute (now even blockchains are starting to have think tanks).
And what about the SEC?
And the SEC, you know, for the first time in a long time is not throwing a fit at the word 'crypto'. It seems they've finally understood: if you can't beat Solana, at least try to license it. Especially if you've already messed up twice with Ripple and Ethereum.
Recent letters from industry players are begging: allow us to add LST to the Solana ETF! It's beneficial: risks are lower, returns are higher, and the market capitalization will grow, almost like Apple in the 2000s!
Why is this important if you don't live in a basement?
Liquid staking tokens (LST) are DeFi monsters that allow you to earn staking income while not freezing your assets. It's like receiving rent from an apartment while you still live in it.
JitoSOL and LsSOL are the most popular tokens in the Solana network. And now they want to stuff them into an ETF that will trade on... Wall Street!
If the SEC gives the green light, it will be a precedent. Not just a Solana ETF, but a Solana ETF with passive income. Moreover, a white, institutionally approved one, with form 19b-4 and the Great Office's seal.
While the SEC is pondering, VanEck is already stroking Form S-1 and declaring: 'We were ready first.' Jito Labs is walking around Capitol Hill with a presentation and distributing JitoSOL in demo mode. Anchorage Digital is already offering custodial solutions and secretly wondering: 'Should we launch Jito-ETF ourselves?'
And somewhere in the corner stands Coinbase, sipping a green smoothie and quietly whispering: 'We told you Solana isn't a scam…'
In this show of regulation, greed, and Web3, even the SEC is starting to realize that you can't keep the gates closed forever if DeFi is already standing at the doorstep with a backpack full of dollars. And while you're thinking about whether to buy Solana, major players are already preparing an ETF in which it will generate income — for you, for them, and possibly even for your grandmother through her pension fund.
