Vaneck Assets Manager has presented to launch a staked solar Fund quoted by exchange (ETF)Signaling continued interest in bringing native blockchain performance assets to traditional investment rails.
The application, submitted on Friday as a S-1 record with the US stock and values commission. UU. (SECOND)It is the first of two necessary presentations to list the fund. If approved, the ETF would contain Jitosol, a native liquid token of the solana block chain. The Jitosol reflects the property of the Tokens Sol that have stabilized and also accumulate the rewards of bets obtained by those chips.
Unlike traditional ETFs, this product would not only track the price of sun, but also the income generated by participation, effectively bake the yield of solana in a product that is quoted in the stock market.
The SEC has been in ongoing discussions with ETF suppliers, including Vaneck, about whether the rethinking components can be integrated into existing and proposed cryptographic investment funds.
Regulatory bottlenecks
Speaking in a panel of the industry in Jackson Hole earlier this week, the president of the SEC, Paul Atkins, said that the commission is looking to eliminate the regulatory bottlenecks that slow down innovation.
“There is a lot of spring cleaning in the SEC,” he said. “We cannot have such abstruses that lawyers cannot give opinions to customers.”
Atkins said the agency’s future rules should be flexible and designed to evolve. He added that the SEC wants to continue its legacy of adapting to new technologies, hinting at a more open position towards cryptography assets such as the ETF of commitment to liquids.
Vaneck joins a series of asset administrators seeking to launch a solana bottom, including Fidelity, Grayscale and Franklin Templeton.
