Global investment management firm VanEck’s Solana spot ETF has been listed in the database maintained by the Depository Trust & Clearing Corporation (DTCC), which is considered a signal that the U.S. Securities and Exchange Commission (SEC) may soon approve the fund.
The DTCC’s list includes exchange-traded funds (ETFs) that have been approved and activated, as well as those that are prepared for issuance. The latter cannot be processed by the DTCC until regulatory approval is obtained. Data shows that the stock code for the VanEck Solana spot ETF is “VSOL,” and the DTCC notes that this fund cannot currently be purchased or redeemed.
Earlier this year, the DTCC also added two proposed Solana futures ETFs (Volatility Shares Solana ETF and Volatility Shares 2x Solana ETF) to the list, which are still classified as “redeemable” funds.
Some experts believe that under the management of the new SEC leadership, which is more favorable towards cryptocurrencies, the chances of Solana receiving approval are greater, especially considering that the Chicago Mercantile Exchange (CME) has listed SOL futures. Although this is not a requirement for ETF listings, it is generally viewed as a positive signal.
Recently, several issuers that have applied for Solana spot ETFs have submitted updated S-1 filings, which is one of the application procedures required for ETFs to obtain SEC approval for public trading. This is also seen as one of the signals that the SEC is likely to approve these fund products.
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