🚀 VanEck Submits Spot Solana ETF — JitoSOL Selected as Yield Core

VanEck, a leading asset manager and crypto ETF provider, has filed with the US SEC for a spot Solana ETF backed by JitoSOL. This marks the first ETF proposal tied to a liquid staking token, making it a significant milestone.

**A Shift Toward Liquid Staking?**

JitoSOL is a Solana-based liquid staking asset that mirrors staked SOL and its rewards. It enables users to stake SOL via the Jito Network while keeping flexibility to use funds across DeFi platforms. VanEck’s ETF could expand investor access to Solana’s ecosystem growth.

This comes after SEC guidance on liquid staking. Under President Donald Trump, the US has sought to take the lead in the crypto sector.

**Nine Solana ETF Filings Pending Review**

In August, Jito Labs, VanEck, Bitwise, the Solana Policy Institute, and Multicoin Capital urged the SEC to allow liquid staking for Solana ETF applications. They highlighted its benefits, such as stronger network security, broader investment opportunities, and new revenue channels.

Currently, at least nine Solana ETF proposals await approval. Two months ago, VanEck’s first spot Solana ETF appeared on the DTCC’s platform under ticker *VSOL*, showing real progress toward launch.

The SEC has suggested that liquid staking may not fall under securities law in certain conditions. New SEC Chairman Paul S. Atkins stressed the agency’s focus on transparent rules for emerging financial innovations, noting that the recent statement on liquid staking is key for clarifying which crypto activities lie outside SEC jurisdiction.

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