VanEck’s latest SEC filing for a JitoSOL-based Exchange-Traded Fund represents a strategic and regulatory gambit. This is the first attempt to register a US ETF backed explicitly by a liquid staking derivative, moving beyond simple spot exposure.
The filing directly challenges the SEC’s cautious historical stance on crypto staking, which it has previously viewed with skepticism. By structuring the fund around JitoSOL, VanEck is not merely expanding its digital asset suite but proactively shaping the debate around what constitutes an acceptable crypto ETP.
This move is a direct response to a collaborative July 31st industry letter to the SEC, co-authored by Jito entities and supported by VanEck itself, arguing for the inclusion of liquid staking tokens in regulated products.
