VanEck’s Spot Solana ETF Moves Closer to Launch With DTCC Listing
The proposed VanEck Spot Solana ETF has been listed under the ”active and pre-launch” section of the Depository Trust & Clearing Corporation (DTCC), signaling progress toward potential regulatory approval. The ETF will trade under the ticker VSOL, and while the listing does not guarantee U.S. Securities and Exchange Commission (SEC) approval, it indicates that operational infrastructure is being put in place for eventual market entry.
The move is seen as a key step forward for Solana’s integration into traditional finance and suggests growing institutional interest in the blockchain, known for its high-speed, low-cost transactions.
DTCC Listing Signals Institutional Readiness
The DTCC plays a central role in U.S. market infrastructure, handling post-trade clearing and settlement for securities. The inclusion of VSOL suggests that systems for custody, settlement, and transfer are being prepared—pending SEC approval. Although no creations or redemptions have yet taken place, the listing implies that preparations are underway.
VanEck, a global investment firm with a track record of launching crypto-linked ETFs, including Bitcoin and Ethereum futures and spot ETFs, is now seeking to bring Solana into the fold. The proposed ETF would give investors regulated, direct exposure to Solana’s price performance—and possibly to staking rewards, depending on SEC rulings.
Regulatory Developments Point Toward Approval Path
The DTCC listing aligns with broader developments in the regulatory landscape. The SEC has recently requested that issuers, including VanEck, revise their S-1 filings—a necessary step toward approval. These updates include details on in-kind redemptions and the possible inclusion of staking mechanisms, which may allow the Solana ETF to offer yield alongside price exposure.
With the successful approval and launch of spot Bitcoin and Ethereum ETFs earlier this year, Solana may become the third crypto asset to receive SEC backing for a spot ETF in the U.S.
“Clear signs of institutional preparation and infrastructure support suggest that the momentum behind Solana’s ETF is real,” said a market analyst familiar with the filing process. “The DTCC listing is a technical milestone.”
Rising Competition and Broader Market Interest
VanEck is not alone in seeking SEC approval for a Solana ETF. Competing filings have been submitted by major firms including Fidelity, Grayscale, and Franklin Templeton. Meanwhile, DTCC has also listed two Solana futures ETFs—SOLZ and SOLT by Volatility Shares—further highlighting growing demand for Solana-linked products.
Adding to the momentum, Solana futures are now actively traded on the Chicago Mercantile Exchange (CME), reinforcing Solana’s appeal to institutional investors and strengthening the case for spot ETF approval.
Institutional Adoption of Solana Accelerates
Solana has become a favored platform for developers and institutions due to its ability to support scalable, fast, and cost-efficient decentralized applications and smart contracts. As interest grows, many see it as a potential challenger to Ethereum in the long term.
A spot ETF would provide traditional investors with a simplified, regulated way to gain exposure to Solana—without needing to manage digital wallets or use unregulated exchanges.
Looking Ahead
While inclusion on the DTCC list is not equivalent to SEC approval, it represents a meaningful step forward. VanEck is actively working with exchanges, custodians, and transfer agents to ensure all systems are ready should the fund receive the green light.
VSOL’s listing follows the same path as VanEck’s spot Ethereum ETF, which appeared on DTCC before receiving approval and listing on the Cboe in May 2024. A similar timeline may unfold for VSOL, though no official launch date has been set.
With SEC scrutiny continuing on altcoin ETFs—including XRP and Avalanche—Solana’s potential approval would mark a major milestone in the evolution of regulated crypto investment products.
Featured image from: reddit.com