Why jitosol Is Trending Today?

VanEck has submitted a proposal to the SEC for the 'JitoSOL ETF', a unique fund designed to provide passive income from Solana. This marks the first spot Solana ETF with JitoSOL, which aims to offer liquid staking for the cryptocurrency. The application, filed by VanEck and Jito, puts Solana staking on the SEC's agenda.

VanEck has filed for the JitoSOL ETF, a move that could provide investors with exposure to Solana's staking rewards. This filing comes after the SEC's recent exemption of certain liquid staking activities from securities laws. If approved, the JitoSOL ETF would be the first of its kind, opening up new opportunities for both crypto and traditional finance investors to participate in Solana's liquid staking ecosystem. OneSafe, a crypto payroll and banking platform, has also expressed excitement about the potential of JitoSOL, seeing it as a new era for crypto payroll and banking services.