The US asset management company Vaneck applied to the US Securities and Stock Exchange Commission (SEC) for a Stock Exchange Investment Fund (ETF) with Solana (left) -based and stinging. The company’s application points out that the increasing interest in integration of Blockchain -based return on traditional investment areas continues. In particular, Vaneck’s fund will rely on the Token Network and will rely on the Token, Jitosol, which provides income through stinging.
Jitosol Etf
According to the application, the ETF will not only monitor the left price, but will also be designed to reflect the income obtained through stinging to investors. In this way, the awards obtained in Solana’s network can be transferred to traditional investors through ETF. According to it, Jitosol stands out as an entity built on Solana and providing investors both the left presence itself and the awards obtained through stinging.
Providing annual income for ETFs in terms of assets is transformed into something like dividend as well as resetting the transaction fee. For those who want to invest both left coins and earn certain annual stake income, this product may be preferred. Of course, general approvals have not started for the Altcoins yet.
Regulation process and approaches
Among the SEC and fund providers, it is known that interviews on whether the crypto investment products containing stinging can be compatible with laws and regulations. In this context, Vaneck’s application is an important step to measure the approach of regulatory institutions in this field.
SEC President Paul Atkins recently said, “Regulatory bottlenecks must be overcome in SEC. Lawyers should not be able to offer their customers.” He made a statement.
The SEC President stressed that the institution aims to continue to adapt to new technologies and that the rules should be flexible to adapt to changing conditions. These statements are considered as a more open approach signal to products such as liquid stinging ETFs.
“As SEC, we intend to maintain our tradition of adapting to technology.” – Atkins
These statements indicate that the institution can adopt a more flexible attitude in future regulations.
In addition to Vaneck, other asset management companies such as Fidelity, Grayscale and Franklin Templeton are known to work on stinging funds. This development reveals that crypto currency -based products are increasingly attracted by investors.
In summary, Vaneck’s application for Stinging Income Solana ETF in the US market offers signs that crypto assets can find more places in the mainstream financial world. How the process will progress will be largely shaped depending on the SEC’s approach.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
