Vaneck Jitosol ETF：将Solana桥接到Main Street

Vaneck提出的Jitosol ETF标志着一个关键时刻，有可能提供受监管的索拉纳（Solana）静止收益率的机会。这是为主流投资者解锁Fefi的关键吗？

VanEck JitoSOL ETF: Bridging Solana Staking to Main Street

Vaneck Jitosol ETF：将Solana桥接到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申请Jitosol ETF的举动可以使索拉纳（Solana）的积分奖励的机会民主化。这种创新的ETF旨在跟踪Jitosol的价格，Jitosol是一种液体含有代币的价格，可能为投资者提供了一个受管制的溶胶产量的途径，而无需直接占有的复杂性。

What's the Buzz About JitoSOL?

吉质的嗡嗡声是什么？

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，使持有人在获得链奖励的同时保持流动性。这是一个改变游戏规则的人，因为它消除了与传统赌注相关的典型不粘附时期。 Vaneck的ETF结构允许每日共享和赎回，从而改善投资者的流动性管理。

SEC and Liquid Staking: A Developing Relationship

SEC和液体占有：发展的关系

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.

该ETF申请的道路涉及与SEC的广泛对话。 Jito和Vaneck代表与SEC会面，讨论了在ETF中包括LST的框架。这样做的关键是确定Jitosol是分散的Staging Instructure，而不是安全性。 SEC的陈述阐明了协议的积分和某些液体蓄积实践并不构成证券交易，为这些讨论铺平了道路。

Advantages of an LST-Based ETF

基于LST的ETF的优势

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.

除了流动性之外，LST机制还简化了会计和税收处理，减少了通常与含有产品相关的操作复杂性。在某些情况下，积分收益率甚至可以抵消或超过基金的费用，从而有可能增加投资者的回报。另外，通过使验证器的股份分散股份，Jitosol为网络安全做出了贡献，并允许散户投资者间接参与区块链的运营。

VanEck's Continued Push into Digital Assets

Vaneck继续推进数字资产

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.

该ETF申请强调了Vaneck致力于扩大其数字资产产品的承诺。在启动点比特币和乙醚ETF之后，Jitosol ETF可以测试SEC的立场。与Jito Labs，Jito Foundation，Multicoin Capital和Solana Policy Institute的合作努力突出了该行业对液体蒸馏的日益信心，作为可行的投资策略。

My Take: A Sign of Maturing Crypto Markets

我的看法：成熟加密市场的迹象

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.

就个人而言，我认为这是向前迈出的一大步。像Vaneck这样的主要参与者正在推动这些类型的产品的事实信号是加密市场的成熟。通过受管制的，可访问的ETF提供积累奖励的潜力令人难以置信。当然，SEC的最终决定还有待观察，但基础工作已经奠定。就像加密货币终于合作，决定在聚会上穿西装。

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，请密切关注这一发展！这可能是为全新投资者解锁Defi的关键。谁知道，也许有一天我们都会在睡眠中赢得奖励。现在，这就是我所说的晚安休息！