SEC Extends Deadline for Nasdaq Rule Change on VanEck JitoSOL ETF

The Securities and Exchange Commission, by the Division of Trading and Markets, designated November 15, 2026 as the date by which Nasdaq Stock Market LLC must approve or disapprove the proposed rule change to list and trade shares of the VanEck JitoSOL ETF under Nasdaq Rule 5711(d). The action is identified as File No. SR-NASDAQ-2026-016 and appears in Release No. 34-106309, FR Doc No. 2026-18661.

Nasdaq filed the proposed rule change on March 10, 2026, and the notice was published for comment on March 20, 2026. The Commission received no comment letters. On May 1, 2026, the Commission designated a longer period for action, and on June 17, 2026 it initiated proceedings under Section 19(b)(2)(B) of the Act. The Commission had originally set June 18, 2026 as the date to approve, disapprove, or institute further proceedings.

Section 19(b)(2) requires an order not later than 180 days after the publication of the notice of filing; the 180th day after the March 20, 2026 publication is September 16, 2026. The Commission exercised its authority to extend the period by up to 60 days, adding an additional two months to the deadline.

The extended deadline of November 15, 2026 provides the Commission additional time to consider the proposed rule change and the issues raised therein before issuing a final order.