Summary
- The global asset management firm VanEck reportedly submitted an application for a JitoSOL ETF to the U.S. SEC.
- It was noted that this filing followed the SEC's recent statement that liquidity staking tokens are not considered securities.
- The approval of the JitoSOL ETF could have a significant impact on future Solana and liquidity staking asset investments.
On the 22nd (local time), according to The Block, a cryptocurrency-focused media outlet, global asset management firm VanEck submitted an application (S-1) for a JitoSOL exchange-traded fund (ETF), which is based on the Solana (SOL) liquidity staking protocol Jito (JTO), to the U.S. Securities and Exchange Commission (SEC).
This application comes as the SEC recently stated that liquidity staking tokens do not constitute securities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
