VanEck’s Spot Solana ETF Listed on DTCC: When SEC Approval?

VanEck’s spot Solana ETF has taken a crucial step forward as its ticker, VSOL, quietly appeared on the DTCC’s (Depository Trust & Clearing Corporation) website. 

While this doesn’t mean the SEC has greenlit the product just yet, it signals that the behind-the-scenes infrastructure is already being put into place, mirroring what we saw with previous spot Bitcoin and Ethereum ETFs. 

As excitement builds across trading platforms and prediction markets, the big question now is: when will the SEC finally say yes? Read this article to find out more!

VanEck’s Spot Solana ETF  

VanEck’s much-anticipated spot Solana ETF has taken its first public step toward launch by appearing on the Depository Trust & Clearing Corporation (DTCC) site under the ticker VSOL. 

While this inclusion in DTCC’s “active & pre‑launch” roster doesn’t equate to an SEC nod, it does signal that the fund’s back‑end mechanics, creation/redemption codes, settlement identifiers, and clearing eligibility, are now in place.

As traders and analysts watch the process unfold, expectations are building for a potential approval later this summer or in the months to follow.

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VanEck’s Spot Solana ETF Listed on DTCC

A DTCC listing of VanEck's Spot Solana ETF is a procedural milestone. It shows that VanEck and its service providers have set up the necessary plumbing for ETF operations. 

However, shares can’t yet trade. Here’s what investors and market-watchers glean from this update:

1. Infrastructure Read: Creation and redemption mechanisms, as well as settlement codes, have been assigned, just like they were for spot BTC and ETH ETFs.

2. No Regulatory Guarantee: The DTCC step is strictly preparatory. It does not confer SEC approval or indicate how quickly the agency will complete its review.

3. Trading Signals: Derivatives markets are responding. On Polymarket, the probability that a Solana ETF gains SEC approval by July 31, 2025, sits around 58–60%, while a full-year approval bet has climbed to 92%.

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VanEck’s Spot Solana ETF Approval

Here’s the key factors drivingVanEck's Spot Solana ETF approval expectation:  

1. Analyst Confidence: Bloomberg Intelligence’s Eric Balchunas and James Seyffart place odds of approval at around 90%, forecasting an “alt‑coin ETF summer” with Solana leading the way.

2. Regulatory Dialogue: The SEC recently requested revisions to S‑1 filings for proposed spot Solana ETFs. Major issuers including Fidelity, Bitwise, and Franklin Templeton filed updated registrations on June 13, with CoinShares joining on June 14.

3. Derivatives Market Support: CME Group’s March introduction of cash‑settled Solana futures has added a regulated trading venue, smoothing the path for an ETF.

4. SEC Deadlines: An intermediary review deadline for Franklin Templeton was delayed, but industry experts view this as routine. The real question is whether approvals arrive in a matter of weeks or slip to October’s final deadline.

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Conclusion

VanEck’s Spot Solana ETF may not have won SEC approval yet, but its appearance on DTCC marks a pivotal step in the launch process. 

With key infrastructure in place, positive analyst projections, and active regulator‑issuer discussions, the outlook is increasingly bullish. 

Whether the ETF debuts this summer or rides the full deadline clock into fall, Solana stands poised to become the next major cryptocurrency to enter the ETF arena.

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FAQ

What does the DTCC listing of VSOL mean?

It indicates that the ETF’s settlement and clearing systems are set up, but it does not imply SEC approval.

When might the SEC approve VanEck’s Spot Solana ETF?

Industry analysts believe approval could come within 2–4 weeks, though it may extend to the October deadline.

How likely is it that a Solana ETF is approved?

Experts from Bloomberg Intelligence assign roughly a 90% probability of eventual SEC approval.

What’s the significance of CME’s Solana futures?

CME’s cash‑settled futures add a regulated derivatives market for Solana, supporting the case for an ETF.

How will a Solana ETF affect SOL’s price?

An ETF launch could boost institutional demand, potentially driving SOL’s price higher upon approval.