Chiara Bianchi
VanEck’s proposed spot Solana ETF has been officially listed on the Depository Trust and Clearing Corporation (DTCC) website, signaling potential progress toward regulatory approval from the U.S. Securities and Exchange Commission (SEC).
The fund, listed under the ticker VSOL, has yet to receive clearance for creation or redemption, which is standard for prelaunch ETFs. However, its presence on the DTCC’s roster is often seen as a key step ahead of approval, fueling speculation that a spot SOL ETF could be greenlit in the coming months.
What the Listing Means for Solana ETF Approval
While the SEC has not yet approved a spot ETF for Solana, analysts at Bloomberg suggest approval could be imminent. The DTCC page, which includes both active and pending funds, had earlier added two Solana futures ETFs — the SOLZ and SOLT by Volatility Shares — both now listed as “redeemable.” These developments point to growing institutional interest in Solana-based investment products.
The DTCC, a critical component of traditional U.S. financial infrastructure and a registered clearing agency under the SEC, has recently increased its engagement with digital assets. Initiatives include launching a tokenized collateral platform and rumored plans to debut its own stablecoin.
SEC’s Broader Crypto ETF Considerations
The SEC has already approved spot ETFs for Bitcoin (BTC) and Ethereum (ETH) and is currently reviewing applications for funds based on other Layer 1 networks, including Avalanche and XRP.
Solana is gaining favor among some regulators and financial institutions, thanks to its explosive ecosystem growth, the introduction of SOL futures on CME, and the presence of a strong lobbying contingent in Washington.
In a notable move, the SEC has recently requested that SOL ETF applicants revise their S-1 filings — a sign that the commission is actively engaged in reviewing these proposals, a required step before any ETF can be brought to market.
