Nasdaq Seeks Approval to Trade JitoSOL Crypto ETF Shares
Published Date: 3/20/2026
Notice
Summary
Nasdaq wants to start trading shares of the VanEck JitoSOL ETF, which is tied to a special digital token called JitoSOL that represents staked Solana cryptocurrency and its rewards. This new ETF will give investors a fresh way to invest in crypto through Nasdaq’s Commodity-Based Trust Shares rules. The proposal was filed in March 2026 and is now open for public comments before it goes live.
Analyzed Economic Effects
8 provisions identified: 5 benefits, 3 costs, 0 mixed.
Nasdaq ETF Gives Regulated JitoSOL Access
Nasdaq proposes to list the VanEck JitoSOL ETF so U.S. investors can get exposure to JitoSOL (a liquid staking token representing staked SOL and staking rewards) through an exchange-traded fund that would trade on Nasdaq under Rule 5711(d). The proposal was filed March 10, 2026 and the ETF will not trade until the Trust's Form S-1 registration statement is effective.
Staking Rewards Accrue To The Trust
The Trust will hold JitoSOL and expects to accrue staking rewards through ownership of JitoSOL; those staking rewards may be treated as income to the Trust. The Trust's investment objective is to reflect the performance of the price of JitoSOL less the Trust's expenses.
Segregated Cold Custody For JitoSOL
The JitoSOL Custodian will hold the Trust's JitoSOL in segregated cold storage addresses separate from other customers, safeguard the private keys, record that such JitoSOL is Trust property, and will not withdraw, loan, hypothecate, pledge, or encumber the Trust's JitoSOL without the Trust's instruction.
Trading Halts If NAV Not Disseminated
The Exchange may halt trading in the Shares if conditions specified in Nasdaq rules occur, including if the NAV is not disseminated to all market participants at the same time, or if trading in the underlying JitoSOL is not occurring or other interruptions make trading inadvisable.
No Forks/Airdrops For Shareholders
The Trust will disclaim any incidental rights or assets (for example, from blockchain forks or airdrops), and such assets will not be considered when determining the Trust's net asset value (NAV).
Daily NAV and 15-Second IIV Transparency
The Trust will publish its NAV each trading day based on the Index after 4:00 p.m. ET and an intraday indicative value (IIV) will be disseminated every 15 seconds during the Regular Market Session; the Trust will also publish daily holdings and other disclosure information on its website at no charge.
Creation/Redemption Baskets and AP Rules
Creations and redemptions of Shares occur in Baskets (a Basket equals 25,000 Shares) and may be done in cash or in-kind; Authorized Participants that create or redeem Baskets must be registered broker-dealers. The minimum of 40,000 Shares must be outstanding at commencement of trading.
Member Notice And Suitability Disclosure
Before trading begins, Nasdaq will issue an information circular to members describing the Shares' special characteristics and risks, including creation/redemption procedures and Nasdaq suitability obligations under General Rule 9 for recommending transactions in the Shares.
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