VanEck Solana ETF Registered with US DTCC; Trading Start Date Undecided

YM Lee

Summary

VanEck's Solana (SOL) ETF product has reportedly been registered with the U.S. DTCC under the ticker 'VSOL.'
It was stated that the ETF is classified under the settlement category 'D,' which allows trading and settlement after approval from regulators and exchanges.
Bloomberg analysts forecast that, if the SEC's S-1 application is processed swiftly, the product could be launched within July.

The Solana (SOL) exchange-traded fund (ETF) from global ETF provider VanEck has been registered with the U.S. Depository Trust & Clearing Corporation (DTCC) under the ticker 'VSOL.'

On the 18th (local time), CryptoSlate cited DTCC records and reported, "Currently, the VanEck Solana ETF is registered under the label 'VANECK SOLANA TR COM SHS BEN INT' and is categorized as industry standard settlement category 'D,' which indicates that trading and settlement are possible after approval by regulators and exchanges."

VanEck has not yet announced an official launch date for VSOL trading, but Bloomberg analysts recently stated that if the amended S-1 application submitted to the SEC is processed swiftly, approval could be obtained within 3-5 weeks, and the product could be launched in July.

SOL