VanEck registers the ETF on Solana at the DTCC with ticker VSOL

The race towards a spot Solana ETF is accelerating after VanEck officially registered its fund with the Depository Trust & Clearing Corporation (DTCC) under the ticker VSOL. This step marks a significant advancement in the approval process, with numerous other institutional entities awaiting the green light from the SEC.

ETF on Solana: VanEck and other applications

VanEck is not the only player aiming to launch a Solana spot ETF. Alongside this, there are currently several proposals pending from financial sector giants such as Fidelity Investments, Franklin Templeton, 21Shares, Canary Capital, and Bitwise. All these companies aspire to obtain permission from the SEC to offer index funds on the market that replicate the price trend of Solana.

The label registered by VanEck with the DTCC demonstrates a concrete advancement in the path towards the listing of the ETF, a key element for investors interested in a regulated and more accessible way to gain exposure to the digital asset Solana (SOL).

Probability of approval and expected scenarios

According to the estimates gathered by Polymarket, the probabilities that a spot Solana ETF will be approved by July 31 are about 55%. It is interesting to note how the peak of expectations was recorded on June 17, surpassing 71%, only to significantly scale down in the following weeks. This fluctuation reflects a regulatory climate of uncertainty that characterizes the crypto market and the ETF industry.

From the Bloomberg front, analysts are showing more optimism. James Seyffart, an ETF expert from the publication, assigns a 90% probability of approval. According to Seyffart, this judgment is also based on the progress of the so-called 19b-4 filings – official documents submitted by aspiring fund managers – formally recognized by the SEC. Furthermore, Seyffart highlights how the regulatory body likely considers SOL a commodity, a classification that could favor the approval of the fund.

Le conversazioni sulle sfumature dello staking di solana negli ETF stanno iniziando tra la SEC e gli emittenti di ETF Solana speranzosi 👀 https://t.co/ULe881UjYN

— James Seyffart (@JSeyff) 10 giugno 2025

In the same vein, Eric Balchunas, also a Bloomberg analyst, highlighted the record frequency of new ETFs launched in 2025, surpassing 800. These numbers fuel the hopes of investors and Solana fans for a significant acceleration in the crypto-related ETF sector.

Gli ETF sono sulla buona strada per vedere lanci record quest’anno (e nuovi lanci netti), battendo facilmente il record stabilito l’anno scorso che ha infranto il record precedente. E questo SENZA considerare le potenziali richieste di classi di azioni ETF che potrebbero aumentare ulteriormente il numero. Tsunami in atto.. pic.twitter.com/5CaP90Bh2U

— Eric Balchunas (@EricBalchunas) 13 giugno 2025

The price of Solana and the market effect

Despite the positive outlook on the regulatory front, the price of Solana has shown a negative trend in recent days. The asset has lost 2.7% on a daily basis, a more substantial decline of 11.1% over the course of a week. Still on short-term time scales, there are declines of 6% in the recent two weeks and 8.9% in the past month.

However, despite this phase of weakness, Solana boasts a slight annual gain of 6.6%. These data suggest a bull and bear trend, influenced by external factors more than by intrinsic dynamics related to the asset.

Causes of Solana’s weakness

• Generalized market correction: the decline of Solana reflects a broader adjustment that has involved numerous related assets.
• Geopolitical tensions and trade wars: international uncertainties have made investors more cautious, reducing risk appetite.
• Awaiting the next FOMC meeting: the Federal Open Market Committee often sets the direction on US rates, and its upcoming meeting has led many to moderate their positions.

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Implications of the approval of a spot Solana ETF

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The introduction of a ETF Solana spot on the market would represent a breakthrough, expanding the range of investors who could access this asset without directly purchasing digital tokens. ETFs are regulated financial instruments that replicate the performance of a specific asset, ensuring transparency and legal security. This would lead to greater liquidity and stabilization of the Solana market.

Furthermore, a fund sponsored by a prestigious institution like VanEck or Fidelity would likely bring new confidence and institutional interest. As a result, we could witness a significant increase in trading volume and new capital flowing into the crypto sector.

Future prospects and recommendations for investors

Even though the odds of approval remain high, it is important for investors to maintain a balanced view. The recent volatility in the price of Solana confirms that the cryptocurrency market remains influenced by global macroeconomic variables and complex supply and demand dynamics.

For those who wish to bet on the Solana ETF, it is advisable to closely monitor the decisions of the SEC and market indicators, also considering the signals coming from financial institutions and analysts.

Finally, while waiting for regulatory developments, continuing to follow the Solana market can offer interesting insights, both for short-term strategies and for gradual entry into the crypto ecosystem through innovative financial instruments such as ETFs.