Vaneck’s Jitosol Etf: Change a game to build Solana Defi? star-news.press/wp

Main meals

VANECK presented a historical Solana ETF, which is fully backed by the distinctive symbol of liquid ghets. In the near term, Ghetto Bulls may need to remove an obstacle of $ 2 to apply in the gathering.

VANECK, the manager of $ 133 billion, became the first source Progress For Jitosol ETF with SEC (Securities and Stock Exchange).

This was also historical because it was the first file of the liquid distinctive symbol (LST) or the deposit delivery symbols that represent the amount of symbols preserved in the registration operations.

Be Solana (Sol) ETF but fully supported by gitusol (which represents Sol Sol in Jito Protocol).

Source: again

La Ghetto and Solana Stank?

For his part, Tushar Jain, co -founder of the Multicoin cover, focuses on Solana, He said The update was “a big victory for Ghetto and Solana.”

However, the deposit was part of a long cooperation with SEC employees and the liquid liquid platform, Jito, the web 3 noticed in a statement.

Indeed, in May, the Supreme Education Council Explained This POS network protocol (work proof) has not been safe.

In addition, in early August, the organizer male LSTS was “technical receipts” and included in the definition of security or investment contract.

This will eventually pave the way to give up the investment funds circulating in the period to enhance liquidity and tax clarity, according to experts.

On the VANECK file, liquid liquid platform Add Which – which,

“Geto will remain on the tip of the spear for institutional adoption.”

Others also saw this step as a positive development of the liquid liquid market, specifically Solana Defi.

The update of the JTO Rally, the original symbol of Jito, to 10 % on the weekly graphs.

While the gathering extends over the simple moving average for 100 days, which confirms the upward strength, it reaches a $ 2 (red) resistance area.

Source: Jito/USDC, TradingView

Unless the bulls turn $ 2 to support it, the Altcoin Rally may cool in the short term. If Bulls managed to extend the assembly, the immediate bullish goal will be $ 2.2.

The short -term calm has also been observed among the best Binance merchants. They cut their long location from 62 % to 49 % in the past two days, indicating profit.

Source: Coinglass

This means that the two -dollar public resistance can become a major supply area in the short term if more players realize their profits at this level.

However, ETF expectations can become a major incentive for long -term traders and investors.