VanEck’s spot Solana exchange-traded fund (ETF) has been listed on the Depository Trust & Clearing Corporation (DTCC) platform, marking a critical step toward potential regulatory approval. The ETF appears under the ticker ‘VSOL’ in the ‘active and pre-launch’ category, indicating preparations for market launch pending U.S. Securities and Exchange Commission (SEC) authorization.
Market confidence in the ETF’s prospects remains strong, with Polymarket traders estimating a 91% probability of SEC approval. This optimism coincides with the Chicago Mercantile Exchange (CME) preparing to launch Solana futures contracts, a move expected to enhance market liquidity and institutional participation.
Multiple asset management firms including CoinShares, Bitwise, and Franklin Templeton have filed S-1 registrations for Solana ETFs, with several incorporating staking features to attract investors. The SEC’s evolving approach toward cryptocurrency ETFs—following recent approvals for Bitcoin and Ethereum products—suggests increasing receptiveness to Solana-based financial instruments.