VanEck has taken a significant step by listing its Solana Spot ETF on the Depository Trust & Clearing Corporation (DTCC), signaling readiness for institutional trading and settlement. This development comes amid strong market anticipation as the U.S. Securities and Exchange Commission (SEC) appears engaged with multiple crypto ETF issuers, including VanEck, with approval odds reportedly around 91% for the Solana ETF.
The listing marks a crucial milestone in expanding the crypto ETF landscape, showcasing growing regulatory engagement and industry infrastructure. Analysts, such as James Seyffart from Bloomberg Intelligence, suggest that besides Solana, other major cryptocurrencies like Litecoin might also see ETF approvals with probabilities near 90%-91% during 2025.
The potential SEC approval of VanEck’s Solana ETF could drive substantial institutional capital inflows and improve market trust in digital asset investments. Historically, ETF approvals have triggered increased trading volumes, liquidity, and heightened demand for the underlying cryptocurrencies. Market watchers also expect some volatility in Solana (SOL), Ethereum (ETH), and Bitcoin (BTC) markets stemming from this regulatory development.
VanEck’s success in issuing ETFs previously, including those based on blockchain assets, strengthens the credibility and potential impact of this listing. The SEC’s ongoing dialogues and thorough evaluation process signal possible regulatory progression that may pave the way for broader acceptance of cryptocurrency ETFs within mainstream finance.
Overall, the successful listing on DTCC and the high likelihood of SEC approval position Solana to benefit from renewed institutional interest and mainstream capital integration, potentially transforming investment strategies around the SOL token.