Asset supervisor VanEck has filed to launch a staked solana exchange-traded fund (ETF), signaling continued curiosity in bringing blockchain-native yield-bearing belongings to conventional funding rails.
The appliance, submitted Friday as an S-1 registration with the U.S. Securities and Change Fee (SEC), is the primary of two filings required to checklist the fund. If accepted, the ETF would maintain JitoSOL, a liquid staking token native to the Solana blockchain. JitoSOL displays possession of SOL tokens which were staked and likewise accrues the staking rewards earned by these tokens.
In contrast to conventional ETFs, this product wouldn’t simply monitor the worth of SOL but in addition the earnings generated by staking — successfully baking Solana’s yield right into a publicly traded product.
The SEC has been in ongoing discussions with ETF suppliers, together with VanEck, about whether or not staking elements will be built-in into current and proposed crypto funding funds.
Regulatory bottlenecks
Talking at an trade panel in Jackson Gap earlier this week, SEC Chair Paul Atkins stated the Fee is trying to clear regulatory bottlenecks that gradual innovation.
“There’s loads of spring cleansing that must be finished on the SEC,” he stated. “We can’t have issues so abstruse that attorneys can’t give opinions to shoppers.”
Atkins stated the company’s future guidelines ought to be versatile and designed to evolve. He added that the SEC desires to proceed its legacy of adapting to new applied sciences, hinting at a extra open stance towards crypto asset merchandise like liquid staking ETFs.
VanEck joins a variety of asset managers trying to launch a staked solana fund, together with Constancy, Grayscale and Franklin Templeton.
