VanEck Seeks Approval for Staked Solana ETF Featuring JitoSOL
VanEck has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to launch a staked Solana (SOL) exchange-traded fund, aiming to bring on-chain yield to traditional investors.
The proposed fund would hold JitoSOL, a liquid staking derivative that represents staked SOL and accrues staking rewards. Unlike traditional crypto ETFs that track asset prices alone, this fund would integrate Solana’s native yield into a regulated investment vehicle — offering both price exposure and staking income.
The filing, submitted as an S-1 registration on Friday, marks the first step in the SEC’s approval process. If approved, this would be one of the first ETFs to provide access to blockchain-based staking rewards through a public market instrument.
SEC Signals Openness to Innovation
During remarks at a panel in Jackson Hole earlier this week, SEC Commissioner Paul Atkins emphasized the need for regulatory reform, stating, “There’s a lot of spring cleaning that needs to be done at the SEC.” He suggested future regulations should be adaptable to emerging technologies, hinting at a more receptive stance toward innovative crypto products like liquid staking ETFs.
Growing Institutional Demand
VanEck joins a growing list of asset managers — including Fidelity, Grayscale, and Franklin Templeton — exploring staked Solana funds. The filings reflect rising institutional interest in combining blockchain-native yield opportunities with the structure and security of traditional finance.
If approved, VanEck’s fund could mark a major milestone in merging decentralized finance infrastructure with regulated investment products.
