VanEck requests SEC approval for JitoSOL ETF and price forecasts indicate Solana at $300.
- ETF JitoSOL expands institutional exposure to Solana.
- Analysts see a chance of a rise to US$300.
- Product focuses on net staking income.
On October 31, 2025, VanEck Digital Assets filed a new version of Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch the VanEck JitoSOL ETF. The product is designed to track the market value of the JitoSOL token—a liquid staking asset built on the Solana blockchain—deducting only the fund's administrative fees.
With this initiative, the asset manager seeks to offer a regulated instrument that allows direct access to the Solana ecosystem, both for institutional investors and the retail public. The ETF will allow the creation and redemption of shares in blocks of 25 units, called "baskets," accepting investments in cash, with delivery of JitoSOL, or in cash, later converted through partner liquidity providers.
Unlike traditional spot ETFs, JitoSOL stands out by combining exposure to the price of SOL with the returns from staking. Each token represents SOL in stake plus the rewards earned, making the process more accessible for those who want to participate in the network without needing to operate validators.
The fund's structure will follow a digital asset model and, therefore, will not be registered under the laws governing conventional investment funds or commodity contracts. The focus is on providing a transparent and efficient vehicle for tracking staking performance on Solana.
Meanwhile, the price of Solana (SOL) remains above the support level of US$180, trading around US$186,24, with daily volume exceeding US$4,2 billion. According to analyst Ali Martinez, the 200-day simple moving average continues to provide support. He believes that buying pressure could push the asset to US$240 and, in a prolonged movement, to US$300.
Solana $ SOL keeps holding above key support backed by the 200D SMA. Buyers must step in here to trigger a rebound toward $240 or even $300.
Technical analyst NekoZ also identifies an impulse pattern in Elliott Waves, with an initial projection of $295 and the possibility of expansion to $380, should Solana confirm ascending highs and lows in the coming sessions.
