On August 22, Jito announced a partnership with VanEck to file for the establishment of an ETF fund entirely based on Solana liquid staking tokens. This is the result of months of working with the SEC, starting in February 2025.
This ETF aims to combine the benefits of exposure to Solana and earning staking rewards within a regulated framework, making it easier for traditional investors to access DeFi.
Matthew Sigel, Head of Digital Asset Research at VanEck, emphasized:
"We are very selective with single token ETFs, but the S-1 filing for the VanEck JitoSOL ETF is a significant advancement, bridging the gap between DeFi innovation and TradFi accessibility."
Highlights:
The SEC clarified (5/8) that staking, when properly structured, is not a securities transaction, removing the final barrier for an ETF integrating staking.
JitoSOL allows for daily creation and redemption of the ETF while still accumulating staking rewards, helping to reduce costs and increase potential profits.
This structure ensures transparency while decentralizing stakes, enhancing security for the Solana network.
The ETF infrastructure is being deployed with support from Multicoin Capital, Solana Foundation, and parties like Canary Capital, Marinade. The S-1 filing paves the way for the review process before listing, marking a significant step in bringing Solana staking into traditional financial products.
