Vaneck Jitosol ETF：將Solana橋接到Main Street

Vaneck提出的Jitosol ETF標誌著一個關鍵時刻，有可能提供受監管的索拉納（Solana）靜止收益率的機會。這是為主流投資者解鎖Fefi的關鍵嗎？

VanEck JitoSOL ETF: Bridging Solana Staking to Main Street

Vaneck Jitosol ETF：將Solana橋接到Main Street

VanEck's move to file for a JitoSOL ETF could democratize access to Solana's staking rewards. This innovative ETF aims to track the price of JitoSOL, a liquid staking token, potentially offering investors a regulated pathway to SOL yields without the complexities of direct staking.

Vaneck申請Jitosol ETF的舉動可以使索拉納（Solana）的積分獎勵的機會民主化。這種創新的ETF旨在跟踪Jitosol的價格，Jitosol是一種液體含有代幣的價格，可能為投資者提供了一個受管制的溶膠產量的途徑，而無需直接佔有的複雜性。

What's the Buzz About JitoSOL?

吉質的嗡嗡聲是什麼？

JitoSOL represents staked SOL, allowing holders to maintain liquidity while earning on-chain rewards. This is a game-changer because it eliminates the typical unbonding periods associated with traditional staking. VanEck's ETF structure allows for daily share creation and redemption, improving liquidity management for investors.

Jitosol代表固定的SOL，使持有人在獲得鏈獎勵的同時保持流動性。這是一個改變遊戲規則的人，因為它消除了與傳統賭注相關的典型不粘附時期。 Vaneck的ETF結構允許每日共享和贖回，從而改善投資者的流動性管理。

SEC and Liquid Staking: A Developing Relationship

SEC和液體佔有：發展的關係

The path to this ETF filing involved extensive dialogue with the SEC. Jito and VanEck representatives met with the SEC to discuss frameworks for including LSTs in ETFs. Key to this was establishing that JitoSOL functions as decentralized staking infrastructure, not a security. The SEC's statements clarifying when protocol staking and certain liquid staking practices don't constitute securities transactions paved the way for these discussions.

該ETF申請的道路涉及與SEC的廣泛對話。 Jito和Vaneck代表與SEC會面，討論了在ETF中包括LST的框架。這樣做的關鍵是確定Jitosol是分散的Staging Instructure，而不是安全性。 SEC的陳述闡明了協議的積分和某些液體蓄積實踐並不構成證券交易，為這些討論鋪平了道路。

Advantages of an LST-Based ETF

基於LST的ETF的優勢

Beyond liquidity, the LST mechanism simplifies accounting and tax treatment, reducing operational complexities typically associated with staking products. In some cases, staking yields could even offset or exceed the fund’s expenses, potentially boosting returns for investors. Plus, by decentralizing stake across validators, JitoSOL contributes to network security and allows retail investors to participate indirectly in the blockchain’s operation.

除了流動性之外，LST機制還簡化了會計和稅收處理，減少了通常與含有產品相關的操作複雜性。在某些情況下，積分收益率甚至可以抵消或超過基金的費用，從而有可能增加投資者的回報。另外，通過使驗證器的股份分散股份，Jitosol為網絡安全做出了貢獻，並允許散戶投資者間接參與區塊鏈的運營。

VanEck's Continued Push into Digital Assets

Vaneck繼續推進數字資產

This ETF filing underscores VanEck's commitment to expanding its digital asset offerings. Following the launch of spot Bitcoin and Ether ETFs, the JitoSOL ETF could test the SEC’s stance on staking. The collaborative effort with Jito Labs, the Jito Foundation, Multicoin Capital, and the Solana Policy Institute highlights the industry's growing confidence in liquid staking as a viable investment strategy.

該ETF申請強調了Vaneck致力於擴大其數字資產產品的承諾。在啟動點比特幣和乙醚ETF之後，Jitosol ETF可以測試SEC的立場。與Jito Labs，Jito Foundation，Multicoin Capital和Solana Policy Institute的合作努力突出了該行業對液體蒸餾的日益信心，作為可行的投資策略。

My Take: A Sign of Maturing Crypto Markets

我的看法：成熟加密市場的跡象

Personally, I think this is a huge step forward. The fact that major players like VanEck are pushing for these types of products signals a maturing of the crypto market. The potential to offer staking rewards through a regulated, accessible ETF is incredibly exciting. Of course, the SEC's final decision remains to be seen, but the groundwork has been laid. It's like crypto finally got its act together and decided to wear a suit to the party.

就個人而言，我認為這是向前邁出的一大步。像Vaneck這樣的主要參與者正在推動這些類型的產品的事實信號是加密市場的成熟。通過受管制的，可訪問的ETF提供積累獎勵的潛力令人難以置信。當然，SEC的最終決定還有待觀察，但基礎工作已經奠定。就像加密貨幣終於合作，決定在聚會上穿西裝。

So, keep an eye on this development! It could be the key to unlocking DeFi for a whole new wave of investors. And who knows, maybe one day we'll all be earning staking rewards in our sleep. Now that's what I call a good night's rest!

因此，請密切關注這一發展！這可能是為全新投資者解鎖Defi的關鍵。誰知道，也許有一天我們都會在睡眠中贏得獎勵。現在，這就是我所說的晚安休息！