Nasdaq Proposes Listing of Liquid Staking Token Fund

The US Securities and Exchange Commission (SEC) is currently reviewing a proposal from Nasdaq to list the Vaneck JitoSOL ETF.

According to the proposal, JitoSOL is a liquid staking token that is economically comparable to Solana (SOL) due to its high price alignment with the cryptocurrency. This means that the JitoSOL ETF would not introduce new pricing risks to the market.

The SEC's review process typically takes 45 days, although it can be extended to 90 days. If approved, the Vaneck JitoSOL ETF would allow investors to gain exposure to Solana's staking rewards without directly holding the cryptocurrency or running a validator node.