VanEck Lists Solana Spot ETF on DTCC Awaiting SEC Approval

VanEck, a prominent global investment manager, has taken a significant step by listing its Solana Spot ETF on the Depository Trust & Clearing Corporation (DTCC) under the ticker VSOL. This development, effective from June 18, 2025, marks a crucial milestone in the ETF's journey towards market entry, pending further regulatory approvals from the Securities and Exchange Commission (SEC).

The listing on the DTCC positions Solana for increased institutional interest. The ETF is currently marked as dormant, indicated by a “D” on the DTCC’s site, signifying that it is in a planning stage awaiting SEC endorsement. Once approved, this could lead to heightened market engagement and potentially boost Solana's institutional investment landscape.

While there are no direct statements from VanEck’s leadership regarding this listing, previous similar ETF actions have sparked vigorous market anticipation and speculative discussions within the crypto industry. The potential impact of this ETF on Solana's market dynamics is significant, as it could enhance liquidity and market participation, according to insights from Coincu Research Team.

Solana, often described as the "Visa of the digital asset ecosystem" by the Bank of America, holds a market cap of $78,188,804,333 and dominates 2.40% of the market. Its price, as of June 17, 2025, was $148.12, reflecting a 9.39% increase over the past 90 days. The regulatory approvals for the VanEck Solana Spot ETF could further bolster institutional adoption of SOL, following past trends in other crypto ETF approvals.