Consider a tower of curves $\dots \to C_n \to C_{n-1} \dots \to C_1$ over $\mathbb F_q$ where $C_n: f(x^{\ell^n},y) = 0$.We can look at the multiset $S_n$ of eigenvalues of the Frobenius $\sigma_q$ on $H^1(\overline{C_n},\mathbb Z_\ell)$ and also the characteristic polynomial $g_n(x)$.
We will have a factorization $g_n(x) = \prod_{i=1}^n f_i(x)$ and we can ask how $f_i(x)$ varies with $i$. This could be called a version of Iwasawa theory over function fields, has it been considered in the literature before?
I have found papers that study how the class group/class number changes with $i$ but that's a little less information than the characteristic polynomial itself.