VanEck’s Solana ETF listed with DTCC as SEC decision nears

VanEck’s proposed spot Solana exchange-traded fund (ETF), VSOL, has now appeared on the Depository Trust & Clearing Corporation’s (DTCC) list under the “active and pre-launch” category, marking a significant step forward in its potential approval.

While this status does not guarantee regulatory clearance, it brings the fund closer to possible trading on US exchanges and reflects a broader trend of institutional recognition for Solana-based investment products.

Solana ETF listing moves to pre-launch stage

The DTCC listing confirms that VanEck’s VSOL is now registered for future electronic trading and clearing.

This follows the SEC’s recent request that issuers, including VanEck, submit updated S-1 registration forms.

Although the ETF cannot currently be created or redeemed, its presence on the DTCC’s platform signals that infrastructure is being prepared should approval be granted.

Bloomberg analysts James Seyffart and Eric Balchunas said the SEC is actively engaging with S-1 filings for Solana-based ETFs, suggesting growing openness to expanding crypto ETF offerings.

James Seyffart

@JSeyff

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Delay here was expected. Intermediary deadline for this was today. But, SEC is engaging on S-1 for Solana Staking ETFs and that’s a *very* positive sign. Still, timelines for approvals are less certain IMO

12:03 am · 18 Jun 2025

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The SEC has already approved spot ETFs for Bitcoin and Ethereum, and attention is now turning to whether Solana will be next.

Growing institutional interest in Solana

The DTCC listing of VSOL is part of a broader wave of institutional interest in Solana.

Earlier in the year, futures-based Solana ETFs — SOLZ and SOLT — were also listed on the DTCC but remain in redeemable-only status.

Several asset managers, including Bitwise, CoinShares, and Franklin Templeton, have also filed for spot Solana ETFs, though the SEC has delayed decisions on some of these applications.

VanEck has already launched Bitcoin and Ethereum futures ETFs and manages multiple digital asset funds globally.

By adding Solana to its offering, it aims to provide investors with regulated access to one of the most actively used blockchains in the DeFi and NFT space.

Solana’s ability to process thousands of transactions per second, coupled with a robust developer ecosystem and growing adoption in Web3 applications, has made it a leading candidate for mainstream financial integration.

According to Polymarket, a decentralised prediction market, traders assign a 91% chance that a Solana ETF will be approved by 2025.

Market reaction and Solana’s price trend

Despite the development, Solana’s native token, SOL, was trading at $147.93 at the time of writing, down nearly 3% in the past 24 hours.

Source: CoinMarketCap

The price movement reflects caution, possibly due to broader market volatility or the uncertainty around the SEC’s timeline for a final decision.

While listing with the DTCC is a critical part of bringing an ETF to market, it does not mean immediate launch.

Instead, it demonstrates that the fund has met preliminary clearing and trading eligibility standards.

The actual trading date for VSOL has yet to be confirmed.

In the background, the SEC continues to evaluate filings for Solana ETFs.

The outcome will determine whether Solana joins Bitcoin and Ethereum as the third cryptocurrency to be granted full spot ETF approval in the US.

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