VanEck Moves to Package Solana Liquid Staking in JitoSOL ETF for TradFi Adoption

VanEck Files for Solana Liquid Staking ETF Featuring JitoSOL

Asset management firm VanEck has filed for regulatory approval to launch a staked Solana (SOL) exchange-traded fund (ETF), aiming to deliver blockchain-native yield to traditional investors via JitoSOL.

The filing, submitted Friday as an S-1 registration with the U.S. Securities and Exchange Commission (SEC), marks the initial step in the ETF approval process. If cleared, the proposed fund would hold JitoSOL — a liquid staking token on the Solana network that accrues staking rewards while maintaining liquidity.

Unlike conventional crypto ETFs that merely track asset prices, VanEck’s product would offer exposure to both Solana’s price movements and staking yields, combining capital appreciation with passive income in a regulated investment vehicle.

Regulatory Evolution

The SEC continues to evaluate how staking mechanisms can be incorporated into crypto-based funds. Speaking at a panel in Jackson Hole earlier this week, SEC Commissioner Paul Atkins acknowledged the agency’s need for regulatory modernization.

“There’s a lot of spring cleaning that needs to be done at the SEC,” Atkins said, emphasizing the importance of clarity for legal and compliance professionals. He added that future SEC rules should be flexible and forward-looking to accommodate emerging technologies.

The remarks suggest a more constructive regulatory tone for novel crypto products, including liquid staking ETFs — a shift that may open doors for broader institutional adoption.

Growing Competition in the Space

VanEck isn’t alone in its pursuit. Other asset managers such as Fidelity, Grayscale, and Franklin Templeton have also expressed interest in launching staked Solana ETFs, underscoring a growing demand for yield-bearing digital assets in traditional finance.

If approved, VanEck’s JitoSOL ETF could position the firm at the forefront of integrating decentralized finance (DeFi) structures into public markets.