Jito Labs and Other Institutions Jointly Urge the SEC to Include Liquid Staking Tokens in Solana ETFs

According to Jinse Finance, Jito Labs, Bitwise, Multicoin Capital, VanEck, and the Solana Policy Institute submitted an open letter to the U.S. Securities and Exchange Commission (SEC) on July 31, recommending the use of liquid staking tokens (LST) as a staking mechanism in exchange-traded products (ETPs). This proposal specifically addresses the eight Solana ETF applications submitted in June of this year, as well as additional applications filed on June 25.