VanEck has proposed a new exchange-traded fund (ETF) that will track the price of JitoSOL, a liquid-staked token associated with Solana. This filing comes after the U.S. Securities and Exchange Commission (SEC) clarified that liquid staking tokens do not qualify as securities, thus allowing their inclusion in ETF structures. The fund aims to capitalize on the growing interest in staked crypto ETFs, promoting a yield that benefits investors by enabling 100% of the fund to earn staking rewards while maintaining relatively low fees. JitoSOL will offer the first spot Solana ETF backed entirely by liquid-staking tokens. This initiative aligns with recent regulatory changes that have eased restrictions around staking in cryptocurrencies, thus enhancing the paths for ETF sponsors to utilize liquid-staking tokens effectively. The Solana network has also demonstrated its efficiency, processing over 100,000 transactions per second in a recent experiment, highlighting its capacity to outperform traditional networks like Visa.

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