Nasdaq applies for listing VanEck JitoSOL ETF

According to Cointelegraph, Nasdaq has submitted a rule change proposal to list the VanEck JitoSOL ETF. This ETF will directly hold the liquid staking token JitoSOL based on Solana.

Brian Smith, chairman of the Jito Foundation, stated that if approved, staking rewards will not be distributed separately but will be reflected in the fund's net asset value. Due to JitoSOL's automatic compounding rewards, each token held by the trust will represent the underlying deposited SOL and the staking earnings accumulated on the Solana network.