Jito price rallies 17% amid bullish Solana spot ETF news

The price of Jito (JTO), a Solana-based decentralized finance (DeFi) token, has surged 17% in the past 24 hours as the crypto community reacts to the latest news around the potential approval of Solana spot exchange-traded funds. JTO price hovered around $2.27, having hit highs of $2.30, with this coming amid the overall crypto price surge. Jito’s growing prominence in the Solana ecosystem means any potential SOL rally could catapult JTO higher. JTO price rises amid bullish momentum As Bitcoin price retested $110k, Ethereum reached $2,832, and Solana touched $167, Jito’s native token soared 17% to $2.30. The price spike coincided with news that the US Securities and Exchange Commission (SEC) had asked prospective ETF issuers to amend their filings ahead of potential approval. Experts say the SEC’s move signals the regulator could be gearing up for Solana spot ETF approvals. Eric Balchunas @EricBalchunas · Follow Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs. 1:26 am · 11 Jun 2025 0 Reply Copy link Read more on Twitter This development has fueled optimism across the Solana ecosystem, with Solana’s SOL token itself jumping 5% in the past 24 hours. Jito, known for its innovative liquid staking protocol, has been a standout performer in Solana’s DeFi landscape. The JitoSOL token not only helps to decentralize Solana but also plays a key role in the accrual of staking and MEV rewards. Holders can use JTO to lend, borrow, loop, and provide liquidity. In any case, Jito combines staking and maximal extractable value (MEV) rewards, generating an annualized revenue of $36 million and capturing 2.7% of Solana’s MEV. This robust fundamental backdrop, coupled with a total value locked (TVL) exceeding $1.4 billion, has bolstered investor confidence. The inclusion of JitoSOL, Jito’s liquid staking token, in a registered Solana ETF prospectus further cements its dominance in Solana’s staking ecosystem. This milestone has sparked renewed interest in JTO, with traders keen on what this means for Solana’s DeFi landscape. Jito price prediction Analysts are increasingly bullish on JTO’s price trajectory. The token’s recent breakout above the $2 resistance level suggests potential for further gains. Key technical indicators point to a retest of $3 and $4 in the near term. A sustained move above this level could see JTO rally toward $5, especially if Solana’s bullish momentum persists and ETF approvals materialize. JTO reached its all-time high of $5.61 in November 2023. On-chain data supports this optimistic outlook. Solana’s DeFi ecosystem has seen remarkable growth, with its TVL rising to $12.3 billion in May 2025. The broader market sentiment also favors risk-on assets, with Bitcoin holding above $109,000 and Ethereum above $2,700. Jito price could rally with gains for these top coins. A broader market correction or a delay in SEC approvals could push JTO back toward its $1.50 support level. The post Jito price rallies 17% amid bullish Solana spot ETF news appeared first on Invezz

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