Global asset management company VanEck has applied for approval of a JitoSOL exchange-traded fund (ETF), the initial effort to introduce a liquid staking token (LST) connected to Solana (CRYPTO: SOL) in U.S. regulated markets. The submission to the Securities and Exchange Commission (SEC) outlines the proposed VanEck JitoSOL ETF, designed to follow the price of JitoSOL, a tokenized form of staked SOL. JitoSOL allows investors to earn rewards on-chain while maintaining liquidity for trading or deploying assets in decentralized finance (DeFi). The Jito Foundation referred to the fund as the "first spot Solana ETF 100% supported by a liquid staking token," underscoring its significance in linking institutional capital with blockchain technology.