A potential spot ETF tied to Solana is making waves after showing up on the DTCC’s pre-launch list — a move that some see as a major step forward in bringing Solana exposure to traditional markets.
The fund, filed by asset manager VanEck, now appears under the ticker VSOL on the Depository Trust & Clearing Corporation’s site. While it’s not yet live or tradable, its inclusion is often considered a green flag that regulatory gears are turning.
Although DTCC’s listing doesn’t confirm approval from the U.S. Securities and Exchange Commission (SEC), it’s a necessary step in the process. The ETF still needs the go-ahead from the SEC before it can begin trading, but analysts are getting optimistic. Bloomberg’s Eric Balchunas and James Seyffart, who track ETF approvals closely, estimate there’s around a 90% chance the Solana ETF gets approved, possibly in the next few months.
It’s worth noting that this is part of a bigger shift — Solana, once known mostly in DeFi and NFT circles, is now being eyed by major institutions. With Bitcoin and Ethereum spot ETFs already active, Solana could be next in line to join the club.
More firms are also showing interest. Bitwise, CoinShares, and even Franklin Templeton have filed or explored launching Solana-linked ETFs. Some are looking into adding staking features as part of their fund strategy, reflecting how fast the ETF space around crypto is maturing.
Earlier this month, VanEck made a similar move when it filed for a Solana futures ETF. That news, combined with CME’s own steps toward Solana derivatives, suggests momentum is clearly building.
While the SEC hasn’t given a definitive yes yet, the signs are pointing in a bullish direction for Solana, and for anyone hoping to see it hit the broader financial mainstream.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
