Nasdaq Files for First JitoSOL Liquid Staking ETF with US SEC

Nasdaq has officially filed a rule change proposal with the US Securities and Exchange Commission (SEC) to list the first-ever ETF based on JitoSOL. As a prominent liquid staking token (LST) within the Solana ecosystem, this filing marks a significant attempt to bring yield-bearing crypto products to the US regulated market. According to the proposal, staking rewards will be captured by reinvesting them directly into the fund's Net Asset Value (NAV) rather than issuing separate distributions. This mechanism is designed to offer investors compounded exposure to staking yields, streamlining the investment process for institutional players. The move follows the successful launch of spot Bitcoin and Ethereum ETFs, signaling a shift toward more complex decentralized finance (DeFi) instruments. However, the SEC's regulatory stance on liquid staking protocols remains a primary hurdle for the fund's ultimate approval.