VanEck Files for First Spot Solana ETF with JitoSOL
The post VanEck Files for First Spot Solana ETF with JitoSOL appeared on BitcoinEthereumNews.com.
Key Points: VanEck files for Solana ETF backed by JitoSOL, bridging DeFi with traditional finance. Pioneers Solana-based ETF in the cryptocurrency sector. Expected to boost Solana and JitoSOL’s market presence. VanEck has filed an S-1 application with the SEC for the first spot Solana ETF using JitoSOL, marking a significant regulatory milestone on August 22, 2025. This initiative underscores the integration of traditional finance with decentralized finance, providing clear regulatory guidance and potentially altering the landscape for institutional investments in Solana’s ecosystem. VanEck’s Solana ETF Proposal and Industry Reactions With this potential ETF, investors will gain liquidity, tax clarity, and staking income benefits. JitoSOL’s decentralized staking ensures heightened security and stability for the Solana network, which the ETF looks to leverage for institutional engagement. Reactions have been cautiously optimistic, with VanEck’s Matthew Sigel describing it as a bridge between DeFi and traditional finance. The SEC review process is anticipated, with no vast public statements yet from the Jito Foundation or Solana executives. “We’ve been very selective with our single-token ETF filings this year, but today’s S-1 for the VanEck JitoSOL ETF matters. If listed, it would represent a new piece of market infrastructure that bridges DeFi innovation with TradFi accessibility.” — Matthew Sigel, Head of Digital Assets Research, VanEck Solana’s Market Performance Amid ETF Developments Did you know? The introduction of spot BTC and ETH ETFs in previous years led to significant asset inflows and institutional demand, marking a turning point for digital asset markets. As of August 23, 2025, Solana (SOL) trades at $197.50 with a market cap of $106.71 billion, holding 2.66% market dominance. Solana’s price saw a 24-hour gain of 8.92%, while over the last 60 days, it surged by 37.19%. Data from CoinMarketCap indicates robust trading volumes, suggesting increased market engagement. Solana(SOL), daily chart, screenshot on…
Filed under: News - @ August 23, 2025 3:27 am