VanEck Submits Application for First Spot Solana ETF Based on JitoSOL

According to the Jito Foundation, VanEck has submitted an S-1 application to launch the first spot Solana ETF fully supported by the liquid staking token (LST) JitoSOL - VanEck JitoSOL ETF. The SEC made it clear in 2025 that protocol staking and liquid staking do not involve securities transactions under specific structures, paving a compliance path for the application of LST in ETFs. The ETF will bring liquidity, tax and regulatory clarity to investors, as well as the economic advantage of offsetting fees through staking income. At the same time, JitoSOL strengthens the security of the Solana network through decentralized staking, indirectly contributing to the health of the network for investors. The application of VanEck JitoSOL ETF is an important step in connecting blockchain infrastructure with institutional investors and is currently under review.