VanEck’s Spot Solana ETF, known as VSOL, has been listed by DTCC, indicating backend preparations for potential regulatory approval from the SEC.
VSOL remains unredeemable at this stage, a common status for ETFs awaiting SEC clearance.
Bloomberg analysts predict SEC approval for a spot Solana ETF within the next few months, given the agency's recent green lights for spot Bitcoin ETFs.
Earlier Solana-based ETFs, like SOLZ and SOLT, were also listed by DTCC, with a 'redeemable' status, hinting at progress in launching Solana investment products.
DTCC's involvement in Solana ETF listings reflects the increasing institutional interest in blockchain assets, with the organization exploring stablecoin launches and tokenized collateral platforms.
The listing of VSOL on DTCC signifies Solana's growing acceptance not only within the developer and DeFi communities but also among institutional investors.