SEC moves to approve Solana-based JitoSOL liquid staking ETF
Nasdaq has filed a proposed rule change to list the VanEck JitoSOL ETF, a fund that would hold the Solana-based liquid staking token JitoSOL. Liquid staking lets users earn rewards by staking tokens to support a proof-of-stake network while receiving a transferable token representing both the staked assets and any accrued rewards.
The proposal, submitted under Nasdaq Rule 5711(d), which governs commodity-based trust shares, would allow shares of the ETF to be listed and traded while holding JitoSOL directly. Created by the Jito Network, JitoSOL (JTOSOL) provides a simplified way for holders to earn staking rewards without running validators or managing on-chain staking themselves.
