The Solana spot ETF applied for by global investment management firm VanEck has been included in a list maintained by the Depository Trust & Clearing Corporation (DTCC), which is considered a signal that the U.S. Securities and Exchange Commission (SEC) is about to approve the fund.
The DTCC list includes exchange-traded funds (ETFs) that have been approved and enabled as well as those that are in the process of issuance. The latter cannot be processed by the DTCC prior to obtaining regulatory approval. Data shows that the stock code for the VanEck Solana spot ETF is 'VSOL', and the DTCC notes that this fund cannot currently be subscribed or redeemed.
Earlier this year, DTCC also added two proposed Solana futures ETFs (Volatility Shares Solana ETF and Volatility Shares 2x Solana ETF) to that list, still categorized as 'redeemable' funds.
Some experts believe that under the new SEC leadership, which is more friendly towards cryptocurrencies, the chances of Solana gaining approval are greater, especially considering the listing of SOL futures on the Chicago Mercantile Exchange (CME), although this is not a necessary condition for ETF listing, it is generally viewed as a positive signal.
Recently, several issuers applying for a Solana spot ETF have submitted updated S-1 filings, which is one of the application processes required for the ETF to gain SEC approval for public trading. This is also seen as one of the signals that the SEC is about to approve these fund products.
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