The World Asset Director VANECK presented a S-1 registration statement with the US Securities and Stock Exchange Committee (SEC) to launch the VANECK Jitosol Transped Traded (ETF). According to presentationThis box will only retain ghets, the distinctive liquid symbol issued by Geto.
Submission is the first attempt to register a trading box for the stock exchange in the United States, supported by a liquid symbol, which is likely to expose investors to Solana’s revenues through an organized product. Getosol Solana (TellerClosed with auditors with the provision of a convertible symbol accumulating bonuses, a process known as the liquid.
The product will extend the expansion of Vaneck to digital asset boxes, after that Bitcoin spot etf It was launched in early 2024 and Ether etf earlier that year. Unlike these compounds, Jitosol ETF can test the position of the Supreme Education Council when storing.
SEC continues to discuss interest
The transition comes from Vaneck after Jito Labs and Jito Foundation Participate in composing a letter to the Supreme Education Council On July 31, the organizers urged to allow liquid symbols such as the Yarrik in the products circulating in the exchange, with the support of Vaneck, BitWise, Multicoin Capital and Solana Policy Institute.
In the letter, the groups argued that the distinctive liquid symbols provide a safer and more efficient way to integrate the falling products on the stock exchange (ETPS), publishes the share of the rathe and reduces operational complexity. They pointed to the available SEC guidelines that indicate that most of Stokeing does not constitute securities transactions, which puts symbols to rent liquid as it corresponds to the current rules.
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This guidance came in two parts. In May, SEC A staff released statement Saying individual fall and chaos in general falls Foreign Securities Laws Because the rewards are set by the protocol instead of the third party.
In August, the agency The scene extended to the liquid,, Describing the distinctive symbols of receipt, such as Jitosol as evidence of ownership instead of investment contracts – provided that the provider does not exercise appreciation.
However, SEC’s comments are employee data instead of binding rules, which means that they do not carry the force of the law and can be re -interpreted by the committee or courts.
The status of the Supreme Education Council has evolved on the stokeing to a large extent. In February 2023, the agency accused Crypto Exchang Krakeen, which led to a, which led to a Settlement of 30 million dollars And close its Staking service. Later that year, the agency filed a lawsuit against Coinbase over similar allegations. This was the case It was rejected in February 2025.
In addition to implementation procedures, SEC also formed the registration policy through the ETF approval process. When the agency agreed ETHER ETFS spot in May 2024The exporters initially suggested the option to share the ether (Eth(Money was held. SEC requires all signs to the residence that must be removed before approval.
As a result, ETHER ETFS was launched last year from the exporters including Blackrock, Fidelity, Grayscale, and Vaneck Hold ETH only and do not participate in attention.
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