The ETF identified under ticker VSOL has been added to DTCC’s official list, marking preliminary steps towards its establishment.
Status of VanEck's Solana ETF
The VanEck ETF under ticker VSOL is now included on DTCC's official list. Currently, it remains unredeemable, which is a common status for ETFs pending SEC approval.
Trends in ETF Approval in the U.S.
While the SEC has not yet approved any Solana-based ETFs, Bloomberg analysts predict that approval could come in the coming months, particularly due to increasing political and market pressure following previous approvals for Bitcoin ETFs.
DTCC's Role in the Crypto Space
DTCC's involvement highlights the growing institutional interest in blockchain-based assets. The organization is also moving into tokenized collateral platforms and is reportedly exploring the launch of its own stablecoin.
The listing of VanEck's Solana ETF by DTCC represents another step towards its potential launch, reflecting the increasing interest in Solana among both developers and institutional investors.
