Institushon Dem Back SEC Approval for Solana ETF Liquid Staking
Jito Labs, VanEck, Bitwise, Solana Policy Institute, plus Multicoin Capital don ask SEC to allow liquid staking for Solana ETFs. Liquid staking make holders fit delegate SOL to validators and still collect derivative tokens, e stop lock-ups and prevent forced rebalances when big flows happen. Supporters talk say liquid staking for Solana ETF go help capital work better, ease creation plus redemptions, improve network security and add more money streams. At least nine Solana ETF applications still dey wait SEC approval. The petition no talk about risks like smart contract bugs, de-peg, and slashing. SEC no get official advice for liquid staking but e hint say direct staking wey link to consensus fit no be security. Ethereum ETF makers also dey pursue same approval: Nasdaq apply to allow BlackRock’s iShares ETH ETF to stake after Grayscale request before. Analysts believe staking features go bring more institutional money as dem talk say non-staking ETFs na “slightly imperfect.”
Bullish
Di petition we major institutions submit to allow liquid staking for Solana ETFs dey show say institutional interest dey grow and say capital fit come in. For short term, di chance say capital go work better and new staking yields fit increase demand for SOL and ETF subscriptions. For long term, liquid staking fit make network security strong and attract more institutional capital we go last, making market deep well well. Di parallel push for Ethereum ETF staking dey show say staking-enabled investment products dey trend generally, we go further boost market confidence for SOL.