- VanEck’s Solana ETF is now listed on the DTCC site but cannot launch until the SEC gives final approval.
- The listing shows the fund is under active review and may soon get clearance from the US financial regulator.
- Other firms are also pursuing Solana ETFs as interest in crypto investment products continues to grow in the market.
VanEck’s proposed spot Solana exchange-traded fund (ETF) has appeared on the Depository Trust and Clearing Corporation (DTCC) website. The fund, listed under the ticker VSOL, remains inactive but is now in the DTCC’s “active and pre-launch” category. This placement indicates the fund is waiting for U.S. Securities and Exchange Commission (SEC) approval.
The listing suggests regulatory discussions are ongoing. It also signals that VanEck is preparing for a potential launch. However, the DTCC has clarified that the fund cannot yet be created or redeemed. The ETF will only become functional after receiving formal regulatory clearance.
Regulatory Status and Market Impact
Although the ETF is listed, it remains non-operational. The DTCC listing alone does not guarantee SEC approval. It simply shows that the fund has entered the review process. However, market experts view these developments as a significant step in terms of acceptance of financial products based on Solana.
In the past, the SEC has been hesitant with accepting spot crypto ETFs. Whereas Bitcoin and Ethereum have been approved, other assets like Solana have not. This development could represent a shift in that stance.
VanEck has acknowledged the listing and sees it as progress toward ETF approval. However, the SEC still holds the final decision. The current stage reflects that VanEck has completed the necessary filings and submitted the fund for review.
Analyst Predictions and SEC Engagement
Industry observers suggest that the SEC may soon finalize its decision. Bloomberg analysts recently stated that the Solana ETF might receive approval in the coming weeks. Their views are based on ongoing revisions to S-1 filings, which are required for regulatory compliance.
The SEC has reportedly asked multiple issuers to update their documentation. This interaction implies that the agency is actively reviewing pending applications. At the same time, Polymarket shows a 91 percent chance of approval. Bloomberg estimates place the likelihood at around 90 percent.
Growing Interest in Solana ETF Market
Interest in Solana ETFs continues to rise. VanEck is one of several firms aiming to launch such products. Others include CoinShares, Bitwise, and Franklin Templeton. Some filings, such as Franklin Templeton’s, have experienced delays.
Several companies have also updated their filings to include staking features. These updates indicate a growing effort to expand crypto ETF offerings. The inclusion of staking could appeal to a broader range of investors. The outcome now depends on the SEC’s final review.
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