Nasdaq filed a proposed rule change to list and trade shares of the VanEck JitoSOL ETF. The exchange is seeking SEC approval for a trust that would hold JitoSOL directly. If approved, it would become the first U.S. listed liquid staking token ETF tied to a Solana liquid staking token.
The proposed JitoSOL ETF would hold JitoSOL, a token backed by SOL deposited into a staking pool on the Solana network. Liquid staking allows holders to earn Solana staking rewards while keeping a transferable token instead of locking assets without flexibility.
Brian Smith, president of the Jito Foundation, said that if the VanEck JitoSOL ETF is approved, staking rewards would not be distributed separately. Instead, rewards would be reflected in the fund’s net asset value because JitoSOL automatically compounds yield within the token.
Nasdaq Rule 5711(d) defines the JitoSOL ETF structure
The Nasdaq filing was submitted under Nasdaq Rule 5711(d), which governs commodity based trust shares. Under this structure, the trust would hold JitoSOL as its primary asset and issue shares representing that holding.
To calculate value, the trust would rely on the MarketVector JitoSol VWAP Close Index. This index aggregates pricing data from multiple trading platforms. In addition, the trust would allow both cash and in kind creations and redemptions.
The filing references prior SEC approval orders for spot Bitcoin and spot Ether ETPs. It argues that similar surveillance and anti manipulation standards can apply to the JitoSOL ETF, even though there is no regulated futures market for JitoSOL. The proposal also states that JitoSOL is economically comparable to SOL, and it cites correlation data to support that position.
SEC review timeline and existing staking exposure products
After publication in the Federal Register, the SEC has 45 days to approve or disapprove the Nasdaq filing, or to extend the review period. The process can extend to 90 days, depending on how the SEC exercises its authority.
At present, no liquid staking token ETF like the proposed VanEck JitoSOL ETF trades in the United States. However, some funds already provide regulated exposure to staking economics. The REX Osprey Solana plus Staking ETF (SSK) combines spot Solana exposure with onchain staking rewards distributed to shareholders. The REX Osprey ETH plus Staking ETF (ESK) links spot Ether exposure with monthly payouts tied to staking yield.
In addition, staking exposure has expanded within certain Grayscale products. Staking was added to the Grayscale Ethereum Mini Trust ETF and the Grayscale Ethereum Trust ETF (ETHE). Staking was also enabled for the Grayscale Solana Trust (GSOL), which is seeking regulatory approval to uplist as an ETP. In Europe, 21Shares launched a Jito staked Solana exchange traded product in January, offering listed exposure with integrated staking.
According to DefiLlama data cited in the filing, Jito total value locked stands near $1.1 billion. It previously peaked above $3.0 billion in 2025 before retracing into early 2026.
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Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
