The director of assets Vaneck filed a launching file of a marked Solana Stock market negotiated funds (ETF)pointing to continuous interest in bringing compatible assets of blockchain to traditional investment rails.
The request, submitted on Friday as a recording of the S-1 to the Securities and Exchange American Commission (SECOND)is the first of the two deposits necessary to list the fund. If it is approved, the ETF would contain jitosol, a liquid token from Solana’s blockchain. The jitosol reflects the property of ground token that were dotted and also accumulates the awards of intention won by these tokens.
Unlike traditional ETFs, this product would not only follow the price of the soil but also the income generated by Jalititude – effectively cooking Solana’s yield in a product on the stock market.
The SEC had discussions underway with FNB suppliers, especially Vaneck, on the question of whether the components of jealking can be integrated into existing and proposed crypto investment funds.
Regulatory bottleneck
Speaking in a panel of industry in Jackson Hole earlier this week, the president of the SEC, Paul Atkins, said that the Commission was trying to erase the regulatory bottlenecks that slow down innovation.
“There is a lot of spring cleaning that must be done dry,” he said. “We cannot have such abstruse things that lawyers cannot give opinions to customers.”
Atkins said that the agency’s future rules should be flexible and designed to evolve. He added that the SEC wanted to continue its inheritance to adapt to new technologies, referring to a more open position to cryptographic asset products such as liquid milestones.
Vaneck joins a number of asset managers who seek to launch a solara fund, including Fidelity, Grayscale and Franklin Templeton.
