The proposed spot Solana ETF from VanEck has been officially listed on the DTCC (Depository Trust and Clearing Corporation) platform under the ticker symbol “VSOL,” marking a significant move toward potential SEC authorization.
Currently featured in DTCC’s “active and pre-launch” category, the ETF remains inactive for creation or redemption until it receives formal approval from the U.S. Securities and Exchange Commission. Still, its appearance on the DTCC list is seen by many as a strong indicator that regulatory clearance could be approaching.
Although regulatory permission is not certain, VanEck sees the DTCC listing as a calculated step in the rollout process. In the past, the SEC has been cautious when it comes to issuing spot crypto ETFs. While Bitcoin and Ethereum have already secured approval, Solana remains in the queue. However, getting listed on DTCC is a significant accomplishment that indicates Solana-based ETFs are gaining popularity.
On Polymarket, the likelihood of a Solana ETF being approved has surged to 91%, reflecting increasing analyst confidence. Bloomberg’s James Seyffart and Eric Balchunas anticipate that the SEC could grant approval in the coming month, especially with the CME preparing to introduce Solana futures.
Progress is also evident as the SEC continues its collaboration with fund issuers to refine their S-1 filings. Meanwhile, firms like CoinShares, Bitwise, and Franklin Templeton are joining the race, further intensifying the Solana ETF landscape. Some contenders are even integrating staking features, signaling broader appeal among institutional and retail investors alike.
The DTCC listing could very well serve as the spark that propels Solana ETFs into the financial mainstream.
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