The VanEck Solana Trust exchange-traded fund (ticker VSOL) has made its debut on the Depository Trust & Clearing Corporation (DTCC) list, which may indicate that its official approval for market launch is imminent.
This is reported by Business • Media
What is DTCC and Why is it Important
DTCC is a key clearinghouse that registers securities transactions in the U.S. Inclusion of a fund on its list often signifies that the listing process is at its final stage. For example, previous spot Bitcoin ETFs appeared on this list about a month before trading began.
“The fact that the exchange-traded fund has made it onto the DTCC list suggests that it will be approved soon or is in the ‘home stretch.'”
VanEck submitted its application for the launch of a spot Solana ETF at the end of June 2024. Once approved, the fund is planned to be listed on the Cboe BZX exchange. A unique feature of this product is that it does not include staking, unlike many other proposed Solana ETFs.
The Situation in the Solana Market and SEC Interest
In early June 2025, it was reported that the U.S. Securities and Exchange Commission (SEC) reached out to potential Solana ETF issuers requesting updates to their S-1 forms. This is seen as a sign of active consideration of applications by the regulator.
Currently, there are applications for spot Solana ETFs from eight companies in the market. CoinShares recently joined this group. Most issuers have included staking in their products, which may complicate approval due to the uncertainty surrounding the regulatory status of such practices.
Solana (SOL) prices in the market have shown slight growth over the day; however, there has not yet been a significant reaction from investors to the news of the ETF listing.
Previously, Bloomberg Intelligence analyst Eric Balchunas predicted that the summer of 2025 would be the period for launching spot ETFs based on altcoins. According to the organization, the likelihood of Solana ETF approval is around 90%.