ChainCatcher News reports that Nasdaq has submitted a rule change proposal to list the VanEck JitoSOL ETF. The ETF will directly hold Solana-based liquid staking tokens JitoSOL.
Jito Foundation Chairman Brian Smith said 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 SOL deposited and the staking rewards accumulated on the Solana network.
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