Overview

• VanEck Digital Assets filed the Form S-1 on August 22 for an exchange-traded fund that would hold JitoSOL, a token representing staked SOL plus accrued rewards.
• It is among the first U.S. ETF applications centered on a Solana liquid staking token rather than the base asset.
• VanEck and Jito say the filing initiates the formal review process and follows months of engagement with SEC staff and ecosystem partners.
• The Jito Foundation describes the product as the first spot Solana ETF fully backed by a liquid staking token, though regulatory approval is still pending.
• The move follows the recent launch of a REX-Osprey Solana staking ETF that routes rewards via JitoSOL and comes after the SEC authorized in-kind creation and redemption mechanisms for crypto ETFs.