Bitwise, VanEck, and other institutions call on the US SEC to approve the inclusion of liquidity staking tokens in ETPs

Jito Labs, Bitwise, Multicoin Capital, VanEck, and the Solana Policy Institute have submitted an open letter to the U.S. Securities and Exchange Commission (SEC) urging approval of liquidity staking tokens for inclusion in exchange-traded products (ETPs), specifically regarding the pending Solana ETF application from eight major issuers. The letter argues that liquidity staking tokens can improve capital efficiency, operational resilience, and risk management, which aligns with the SEC's recent guidance on physical (underlying asset) subscriptions and redemptions for cryptocurrency ETFs.