Jito Labs and other institutions jointly wrote to the SEC to urge the inclusion of liquid staking tokens in the Solana ETF

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, suggesting the use of Liquidity Staking Tokens (LST) as a collateral mechanism in Exchange Traded Products (ETP). This proposal specifically targets the 8 Solana ETF applications submitted in June of this year and additional applications submitted on June 25.