According to PANews, Jito Labs, Bitwise, Multicoin Capital, VanEck, and the Solana Policy Institute have collectively submitted an open letter to the U.S. Securities and Exchange Commission (SEC). The letter advocates for the approval of liquid staking tokens (LSTs) in exchange-traded products (ETPs), specifically concerning pending Solana ETF applications from eight major issuers. The letter emphasizes that liquid staking tokens can enhance capital efficiency, strengthen operational resilience, and improve risk management. This aligns with the SEC's recent guidance on the redemption of physical assets in cryptocurrency ETFs.

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