Vaneck, an asset management firm, has officially filed to launch an exchange-traded fund (ETF) focused on staked Solana. This new financial product aims to make it easier for traditional investors to engage with blockchain-based assets that generate yield.

The application was submitted as an S-1 registration to the U.S. Securities and Exchange Commission. Upon approval, the ETF will incorporate JitoSOL, a liquid staking token from the Solana blockchain, which reflects ownership of staked SOL tokens along with their associated rewards.

Unlike conventional ETFs which usually track asset prices, this fund will integrate staking yields, effectively embedding Solana’s rewards system within a publicly traded offering.

The SEC is exploring ways to overcome regulatory challenges that hinder innovation in the sector. Paul Atkins, during a conference, addressed the need for more flexible regulatory frameworks to adapt to emerging technologies.

“There’s a lot of spring cleaning that needs to be done at the SEC,” he remarked. “We cannot have things so abstruse that lawyers can’t give opinions to clients.”

VanEck’s initiative aligns with a growing trend among asset managers, who are increasingly interested in launching investment funds that incorporate features of the crypto market, including firms like Fidelity and Grayscale.