VanEck Files to Launch Staked Solana (SOL) ETF Backed by Liquid Staking Token JitoSOL

Asset Manager Vaneck manager filed the settled Solana Sol$196.95 Fund traded on the stock exchange (ETF)Signaling the ongoing interest in bringing the asset of load -bearing revenues to the market in traditional investment rails.

Request submitted on Friday as Registration S-1 with the US Securities and Exchange Commission (Sec)is the first of two submissions needed for the Fund list. If approved, the ETF would hold the sausol, the liquid where the token became on the birth blockchain Solana. Jitosol reflects the ownership of the SOL tokens that have been set, and also acquires rewards for the purpose of obtained these tokens.

Unlike traditional ETFs, this product would not only monitor the price of SOL, but also income generated by standing – efficiently caring solana yield to a publicly traded product.

The SEC took place in discussions with ETF providers, including Vanecky, whether the existing components can be integrated into existing and proposed crypto investment funds.

Regulatory narrow places

SEC chairman Paul Atkins, who spoke on the industrial panel in Jackson Hole, said the commission was trying to clear the regulatory narrow places that slow innovations.

“There’s a lot of spring cleaning that needs to be done on SEC,” he said. “We cannot have things so much more absorbed that lawyers cannot give opinions to clients.”

Atkins said the future agency rules should be flexible and designed to evolve. He added that SEC wants to continue its legacy to adapt to new technologies and indicate in more open attitudes to Krypto assets such as ETF liquid betting.

Vaneck will join a number of asset managers who want to start the Solana fund, including Fidelity, Grayscale and Franklin Templeton.