VanEck filed the first spot JitoSOL ETF — a Solana ETF fully backed by the liquid staking token JitoSOL — marking a regulatory milestone that could expand institutional access to staked SOL and boost liquidity and tax clarity for Solana staking products.
VanEck filed the first JitoSOL spot ETF for SEC approval, using liquid staking token JitoSOL as the asset backing.
JitoSOL represents staked SOL within the Jito protocol and the filing signals possible mainstreaming of LST-backed ETFs.
JTO rose ~10% weekly; $2 is immediate resistance while $2.2 is the next target if bulls hold support.
JitoSOL ETF news: VanEck files first spot JitoSOL ETF, potentially unlocking staked SOL liquidity — read how this affects JTO price and Solana staking. Learn more.
What is the VanEck JitoSOL ETF filing?
The VanEck JitoSOL ETF is a proposed Solana spot ETF fully backed by JitoSOL, a liquid staking token that represents staked SOL in the Jito protocol. The filing is the first known U.S. ETF application to use an LST as the primary backing and aims to offer investors exposure to staked SOL with institutional custody and governance. COINOTAG reporting; source: SEC, Jito.
How does a JitoSOL-backed ETF differ from a standard Solana ETF?
A JitoSOL-backed ETF holds liquid staking tokens (LSTs) rather than native SOL. LSTs like JitoSOL act as receipts for staked assets and can provide yield from staking while remaining tradable. The SEC has previously clarified staking for PoS protocols and described LSTs as technical receipts in recent communications, which influenced this approach. Experts say LST-backed ETFs could improve liquidity and tax treatment for staked holdings. Sources: SEC, Jito, Multicoin Capital.
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VanEck — a $133 billion asset manager — becoming the first issuer to apply for a JitoSOL ETF is significant because it bridges institutional ETF infrastructure with liquid staking tokens. Industry voices, including Tushar Jain (co-founder, Multicoin Capital), called the filing a “huge win for Jito and Solana.” The filing results from extended engagement between SEC staff and Jito, per Jito’s statement.
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Source: https://en.coinotag.com/vaneck-jitosol-spot-etf-filing-could-boost-solana-staking-liquidity-jto-faces-2-resistance/