In brief
- VanEck filed on Friday a proposal for an exchange-traded fund tracking the price of JitoSOL.
- The U.S. SEC earlier this month determined that liquid-staking tokens are not securities, clearing a path to putting them in ETF wrappers.
- The filing comes as investor demand for staked crypto ETFs increases.
VanEck submitted an application to the U.S. Securities Exchange Commission for a JitoSOL exchange-traded fund, as investor interest in staked crypto ETFs continues to expand.
The ETF will track the price of JitoSOL, a kind of Solana liquid-staking token, or a tokenized asset that serves as a stand-in for an asset that has already been staked on a network.
Staking refers to the process of locking up cryptocurrencies on a blockchain to secure the network in exchange for rewards, usually in the form of tokens.
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Author: Liz Napolitano
