Announcing the S-1 Filing for the VanEck JitoSOL ETF

Today we are proud to announce the S-1 filing of the VanEck JitoSOL ETF, the first spot Solana ETF 100% backed by a liquid staking token (LST): the Jito Network’s JitoSOL. 

This filing is the culmination of months of collaborative policy outreach efforts to regulatory bodies such as the Securities and Exchange Commission, as well as ongoing business development and educational work from multiple ecosystem contributors. Some of these efforts include: 

• February 2025 — Initial SEC meetings

Jito representatives met with SEC staff shortly after inauguration to discuss frameworks to enable staking in crypto exchange traded products, including pathways for including LSTs such as JitoSOL.

• March 2025 — JitoSOL Securities Classification Report

Jito Labs CLO Rebecca Rettig’s publication of a detailed analysis explaining why JitoSOL functions as decentralized staking infrastructure rather than a security.

• May 2025 — SEC staff statement on protocol staking

Staff provided clarity around when various staking models do not implicate securities laws—an important foundation for market structure conversations.

• June–July 2025 — Comment window on staking in ETPs

Targeted feedback period where Jito and a number of institutions and ecosystem contributors provided input encouraging safe, transparent use of staking and LSTs in ETPs.

• August 2025 — SEC staff statement on liquid staking

SEC provides additional clarity on liquid-staking activities and tokens, helping establish a policy foundation for products like the VanEck JitoSOL ETF.

While this regulatory outreach was ongoing, Jito Foundation CCO Thomas Uhm worked closely with a number of ETF issuers, custodians, and exchanges to put in place the necessary infrastructure to enable Van Eck to bring this forthcoming product to market.

Additionally, many of these accomplishments came with support from Jito Network allies such as Multicoin Capital, the Solana Foundation, and Van Eck. We thank them for their support as Jito contributors continue their push to bring crypto mass adoption to an institutional audience. 

Why This Matters

Per SEC guidance in 2025, LSTs are technical receipts that represent staked assets plus rewards. The SEC staff’s May and August 2025 statements clarified that both protocol staking and liquid staking, when structured as described, are not securities transactions. That clarity opens a compliant path for ETF sponsors to use LSTs.

Key advantages for investors:

• Liquidity and redemption discipline. LSTs eliminate unbonding delays, allowing the ETF to create/redeem daily while still accruing rewards for investors.
• Regulatory and tax clarity. Whether through rebasing or exchange-rate accrual, LSTs map neatly to standard ETF accounting and disclosure, giving investors access to staked SOL yield without complications.
• Investor-friendly economics. Staking yields can offset or exceed expense ratios, improving long-term returns without operational complexity, especially on chains like Solana offering competitive staking yield.
• Network alignment. By decentralizing stake across validators, LSTs like JitoSOL reinforce PoS security, meaning even casual investors are indirectly contributing to network health.

With staff guidance now on record, the compliance runway for LST-based ETFs/ETPs is clear and actionable, and has resulted in the first ETF comprised ofLSTs. 

Ultimately, packaging exposure to JitoSOL in a regulated wrapper is a meaningful step toward bridging the gap between emergent blockchain infrastructure and institutional allocators.

What’s next

The S-1 filing begins a review process prior to possible market listing. As always, we will continue to work collaboratively with regulators and market participants to ensure high standards of compliance, transparency, and investor protection. This is one step in our ongoing mission to narrow the distance between high-performance, credibly neutral infrastructure and the world’s largest capital allocators.

Jito will remain at the tip of the spear for institutional adoption – building the technology, partnerships, and policy foundations that bring on-chain finance into the mainstream.

Refer to the S-1 filing: https://www.sec.gov/Archives/edgar/data/2082189/000162828025041000/vaneckjitosoletfs-1.htm

Disclosures: The registration statement relating to the VanEck JitoSOL ETF has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The securities described may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.