VanEck’s highly anticipated spot Solana ETF has appeared on the Depository Trust and Clearing Corporation (DTCC) listings, a strong signal that regulatory approval could be approaching.
The ETF, identified under the ticker VSOL, now shows up on DTCC’s official list. This list tracks both operational and prelaunch exchange-traded funds. While inclusion doesn’t guarantee regulatory clearance, it typically signals backend preparations in anticipation of a green light from the U.S. Securities and Exchange Commission (SEC).
At this stage, VSOL remains unredeemable, meaning fund creation and redemptions are not yet authorized — a status typical of ETFs pending SEC approval.
The SEC has not yet approved any spot Solana ETF. However, Bloomberg analysts believe approval could arrive in the coming months, particularly as the agency faces mounting political and market pressure following previous green lights for spot Bitcoin ETFs.
This isn’t the first time Solana products have appeared on DTCC’s radar. Earlier this year, the Volatility Shares Solana ETF (SOLZ) and the 2x Solana ETF (SOLT) were also listed and marked as “redeemable,” indicating further behind-the-scenes progress in bringing Solana-based investment vehicles to market.
As a critical infrastructure provider for U.S. securities markets, the DTCC’s involvement underscores growing institutional interest in blockchain-based assets. Beyond ETFs, the organization has been moving into tokenized collateral platforms and is reportedly exploring the launch of its own stablecoin.
The VSOL listing is the latest sign that Solana is gaining traction not just among developers and DeFi communities, but also with Wall Street.
