VanEck and Jito file the first liquid staking-backed Solana ETF
Jito announced the filing of an exchange-traded fund (ETF) based entirely on Solana liquid staking tokens in a partnership with VanEck.
According to an Aug. 22 announcement, the filing represents months of collaborative regulatory outreach between Jito and VanEck, beginning with initial meetings with the US Securities and Exchange Commission (SEC) in February.
The partnership aims to combine Solana exposure with staking rewards in a regulated wrapper accessible to traditional investors.
Matthew Sigel, head of digital assets research at VanEck, described the filing as selective but significant.
He stated via X:
“We’ve been very selective with our single-token ETF filings this year, but today’s S-1 for the VanEck JitoSOL ETF matters. If listed, it would represent a new piece of market infrastructure that bridges DeFi innovation with TradFi accessibility.”
Regulatory clarity
The filing builds on SEC staff guidance issued on Aug. 5, which clarified that liquid staking activities do not constitute securities transactions when properly structured.
This guidance essentially removed the final regulatory hurdle for staking-enabled crypto ETFs.
Jito’s preparation included a March 2025 securities classification report explaining why JitoSOL operates as a decentralized infrastructure rather than a security.
The company participated in regulatory comment periods during the summer of 2025, providing feedback on the safe use of liquid staking tokens in exchange-traded products.
Operational benefits
The announcement noted that the JitoSOL structure offers key advantages for institutional investors. Liquid staking tokens eliminate unbonding delays, allowing daily ETF creation and redemption while maintaining staking reward accrual.
The approach provides regulatory clarity through standard ETF accounting methods, giving investors access to staked Solana yields without operational complications.
Staking yields can offset or exceed expense ratios on networks like Solana, potentially improving long-term returns. The structure supports network security by decentralizing stake across validators, meaning investors contribute to blockchain health.
Jito Foundation Chief Commercial Officer Thomas Uhm worked with ETF issuers, custodians, and exchanges to establish infrastructure enabling VanEck’s product launch. The effort received support from Multicoin Capital, the Solana Foundation, and VanEck.
Further, VanEck and Jito join Canary Capital and Marinade in the group of issuers partnering with liquid staking protocols. Canary amended its Solana ETF filing in May 2025 to name Marinade Select as its staking provider.
The S-1 filing initiates a review process before potential market listing, positioning Jito to advance institutional crypto adoption through regulated on-chain finance products.
The post VanEck and Jito file the first liquid staking-backed Solana ETF appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs Global Stock Market Outlook: AI Capital Expenditure to Peak Next Year, Earnings Growth to "Slow Down Significantly", Cloud Giants Become "Defensive Assets"
Goldman Sachs’ 2027 Global Equity Strategy points out that the AI capital expenditure boom is nearing its peak, and global profit growth will slow significantly. S&P 500 earnings growth is expected to drop from 36% to 11%, with depreciation pressures gradually emerging. However, cloud giants’ valuations have adjusted to a forward P/E of 19.7, lower than the staples sector, and are classified as “relatively defensive” assets. Goldman Sachs predicts an S&P 500 target of 8,700 points and suggests overweighting the US and Japan, while underweighting Europe.
With $135 billion worth of Nvidia stock, will Jensen Huang cash out?
After Jensen Huang stepped down, his Nvidia holdings of approximately 812 million shares, valued at $135 billion, became a major pressure on the stock price. Any reduction in holdings is subject to both legal and market constraints: shares can only be sold compliantly after the disclosure of any undisclosed negative information, and the volume is equivalent to six trading days’ total market transactions, meaning large-scale cashouts would have to be spread over several months.
Will the traditional Christmas rally still happen in the US stock market this year?
After a simultaneous technical and position-based recovery in the US stock market, Goldman Sachs, Morgan Stanley, and JPMorgan have successively signaled a year-end rebound. Extremely light positions, mean reversion of valuations, and seasonal support together create conditions for a short squeeze. However, global manufacturing import price inflation has annualized at around 24%, surpassing the pandemic peak, and the inflation bill will come due intensively in the first quarter of next year. Goldman Sachs warns that once the year-end rally materializes, it may exhaust future upside potential.
Anthropic IPO Roadshow: CEO Says "Doesn't Care About Market Conditions", Hopes to "Underpromise and Overdeliver"
As Anthropic gears up for its IPO, CEO Amodei remains deliberately low-key during the roadshow, emphasizing "under-promise and over-deliver," and appears calm regarding market volatility at the time of listing. In response to fluctuations in the AI sector and the Nvidia situation, Amodei stated he is not particularly concerned about the specific month of listing or market conditions, and frankly admits that allocation of computing power is "the most fundamental business challenge."
Crypto prices
More
