VanEck filed a form S-1 with the SEC to launch a spot ETF tied to JitoSOL, a Solana-based liquid staking token. Liquid staking allows you to stake crypto assets without locking them up, keeping them available for trading. The SEC recently stated that certain liquid staking activities do not involve the offer and sale of securities.

The Jito Foundation said that the filing for the VanEck JitoSOL ETF is the result of collaborative policy efforts with regulators like the SEC. This comes after the SEC’s statement on liquid staking activities. SOL was trading at $196.87, up over 8.5% in a day. VanEck’s filing for an LST ETF follows the SEC’s recent stance on liquid staking.

Crypto staking involves locking up assets to secure a PoS blockchain for rewards. With liquid staking, you receive tokenized versions of your staked assets, which can be traded while earning rewards. The SEC’s Division of Corporation Finance clarified that certain staking activities do not involve the sale of securities, impacting VanEck’s ETF filing.

The SEC’s recent statements on liquid staking activities have influenced VanEck’s filing for a JitoSOL ETF. The team met with the SEC’s crypto task force in February to discuss allowing staking in crypto ETFs. Stay updated on the evolving regulatory landscape and market trends in the crypto industry.

Read more at Yahoo Finance: VanEck fires off crypto ETF bid after surprising SEC shift