VanEck JitoSol ETF: SEC Approval Outlook
Published 6/18/2026, 1:47:14 AM
Current Regulatory Status
As of June 18, 2026, VanEck's JitoSol ETF application remains pending with no approval or disapproval order issued. The SEC designated June 18, 2026 as the deadline for final action on SR-NASDAQ-2026-016 under Section 19(b)(2) of the Securities Exchange Act of 1934. The SEC extended the review period from the standard 45 days to this date via a "Notice of Designation of a Longer Period for Commission Action" published on May 6, 2026.
No decision has been announced as of today (the research date).
Key Distinction from VSOL
The JitoSol ETF is distinct from VanEck's already-approved Solana ETF (VSOL), which began trading on October 30, 2025, with a 0.30% expense ratio. JitoSol would be the first liquid staking token (LST) ETF in the US, holding JitoSOL tokens that generate staking rewards rather than holding Solana directly.
Regulatory Environment
Recent SEC guidance has been favorable for this product type:
| Date | Guidance |
|---|---|
| May 2025 | SEC Division of Corporation Finance stated proof-of-stake staking activities do not constitute securities transactions |
| August 2025 | SEC clarified liquid staking activities and tokens (including JitoSOL) are not securities |
VanEck has reportedly engaged with SEC staff for over 8 months, and no 1940 Act registration is required, reducing regulatory complexity. However, the extended review period suggests the SEC is scrutinizing the novel structure carefully.
Year-End Outlook
The research found no Polymarket prediction market tracking VanEck JitoSol ETF approval odds — there is no market-implied probability available. An unverified Bloomberg analyst estimate cited ~70% probability for Solana ETF approval broadly, but this could not be independently confirmed.
Given the favorable staking guidance and VSOL precedent, the research characterizes the probability as moderate to favorable for year-end 2026 approval — but the decision today (or very soon) will be the first concrete signal.
What Remains Open
- Whether the SEC issues an approval, denial, or further proceedings order today (June 18, 2026)
- If further proceedings are instituted, the timeline extends beyond the current deadline
- No market-based probability exists for this specific product
Follow-Up Actions
- Monitor SEC EDGAR — Check sec.gov/cgi-bin/browse-edgar for real-time filings on SR-NASDAQ-2026-016 today.
- Schedule a check-in — Set a recurring daily reminder to monitor for any SEC orders or VanEck press releases through year-end if no decision is issued today.