VanEck S-1 for JitoSOL ETF Captures SOL Staking Yields
VanEck Digital Assets has filed an amended Form S-1 with the SEC to launch the first US ETF tracking JitoSOL, a Solana-based liquid staking token. The JitoSOL ETF aims to provide regulated access to SOL staking yields through a tradable fund. Each JitoSOL token represents staked SOL and accumulated rewards, letting investors capture validator returns without running nodes. ETF shares will be created and redeemed in 25,000-share baskets via cash or in-kind transactions. Unlike spot Solana ETFs, the JitoSOL ETF focuses on staking rewards and operates as a digital asset trust outside the Investment Company Act.
Solana (SOL) trades near $186 with over $4.2 billion in daily volume. Analysts highlight support above $180 and forecast potential rallies to $240 or $300 if buying pressure continues. Technical strategist Ali Martinez points to the 200-day moving average as key support. Elliott Wave analyst NekoZ sees SOL completing its corrective phase and entering an impulsive uptrend, targeting $295 in Wave 3 and above $380 in Wave 5.
The JitoSOL ETF filing tests the SEC’s evolving stance on liquid staking. Recent staff views suggest tokens like JitoSOL may not be securities if providers lack discretionary control over rewards. Approval would mark a milestone for compliant SOL staking access in the US. Traders should watch ETF approval progress and SOL technical levels for trading opportunities.
Bullish
The JitoSOL ETF filing represents a positive regulatory milestone by offering regulated access to Solana staking yields. The product’s focus on liquid staking and the SEC’s softer stance on non-discretionary tokens reduce compliance uncertainty. Combined with strong SOL technical support at $180 and bullish Elliott Wave projections to $295–$380, traders are likely to view dips as buying opportunities. ETF approval could boost demand for SOL and its staking tokens, supporting both short-term rallies and long-term market depth.