VanEck has submitted an S-1 filing with the SEC to launch a staked Solana (SOL) exchange-traded fund (ETF), named JitoSOL, which signifies a strategic move to introduce blockchain-native yield-bearing assets to traditional financial markets. Unlike traditional ETFs that only track the price of SOL, this fund would incorporate staking rewards, reflecting the ownership and benefits of staked SOL tokens. SEC Chair Paul Atkins has hinted at support for flexible regulatory frameworks that could facilitate the inclusion of staking in ETFs. VanEck’s filing marks an interest among asset managers including Fidelity and Grayscale to develop similar products aimed at institutional investors. If approved, JitoSOL would allow investors to gain exposure to Solana’s staking rewards while navigating regulatory pathways that are increasingly evolving to adapt to crypto asset products.

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