The Solana Jito Labs infrastructure supplier, asset managers Vaneck and the ILO and two other stakeholders call on the American Securities and Exchange (SEC) commission to allow liquids for products negotiated in exchange for Solana (ETP).
The liquid milestone is a form of token allocation to a validator while receiving a derivative token in return, which actually means that the stiggered tokens are not “locked”. Last -made chips (LST) can be exchanged, used in decentralized or even loaned finance. However, the process introduces additional risks not seen in traditional implementation processes.
The groups using the SEC, including the Solana Policy Institute and Multicoin Capital Management, argue that liquid development could improve the efficiency of capital by allowing emitters andp to avoid forced rebalancing.
“If the issuers are obliged to limit the implementation to a defined percentage of assets, the major creations and the buyouts would oblige rebalancing, thus increasing the operating costs of the ETP and the introduction of a potential monitoring error”, indicates the letter. “The LST could be used to quickly rebalance in this scenario and could even be delivered or received in kind by [authorized participants]… ”
The additional advantages cited in the letter include an increased network guarantee, more product options for investors and additional income for ETP transmitters. At least nine Solana (soil) ETPs are currently waiting for a dry decision.
The letter does not cover the risks of liquid intention, among which being bugs or vulnerabilities of intelligent contract, release events and reduction risks. The SEC has not issued official guidelines on the development of liquids, although it has declared that traditional development may not constitute a titles offer if it is directly linked to a consensus process.
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Crypto ETP Channel a hot button problem in 2025
Solana is not the only cryptocurrency that cryptocurrency defenders want to see milestone in ETPs. Ether funds (ETH) also seek approval of implementation characteristics.
On July 17, the Nasdaq made a request to the dry to allow to build in the FNB Ishares Ether in BlackRock. The scholarship filed similar requests for gray levels in February.
Some analysts are also optimistic about the perspective, claiming that adding ignition to the Ether ETHER could allow an influx of institutional capital in these funds.
In March 2025, the Digital Assets of BlackRock, Robbie Mitchnick, said that even if the company’s ether FNB succeeded, it was “less perfect” without puncturing.
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