Deep Tide TechFlow News, August 22, according to Jito Foundation, VanEck submitted S-1 application documents to the U.S. Securities and Exchange Commission (SEC) to launch the VanEck JitoSOL ETF, the first spot Solana ETF product fully supported by liquid staking tokens (LST).
The ETF will use Jito Network's JitoSOL tokens as the underlying asset. Prior to the submission of the application, relevant parties have conducted multiple rounds of communication with regulators, including:
February to March 2025: Discussions with the SEC and release of JitoSOL securities classification analysis
May to August 2025: SEC issues a policy statement on protocol staking and liquid staking activities
According to the SEC's guidance in 2025, liquid staking tokens are considered technical certificates rather than securities under specific structures. These ETF products can provide investors with daily subscription and redemption capabilities, a clear regulatory framework, staking yields, and contributions to cybersecurity.
