#solana

$SOL The global asset manager VanEck has filed a registration statement S-1 with the U.S. Securities and Exchange Commission (SEC) to launch the VanEck JitoSOL exchange-traded fund (ETF). According to the filing, this fund will only hold JitoSOL, the liquid staking token issued by Jito Network.

This filing marks the first attempt to register a U.S. exchange-traded fund backed by a liquid staking token, which could expose investors to staking yields from Solana through a regulated product. JitoSOL represents Solana

SOL

€178.10

locked with validators, while providing a transferable token that accumulates rewards, a process known as liquid staking. #solana