- VANECK’s Solana ETF (VSOL) strikes the DTCC menu, a major step towards SEC approval.
- Despite the ETF momentum and 91 % of approval possibilities, the Sol price shows the low indicators and poor demand.
Solana (Sol) took a big leap towards the legitimacy of Wall Street. Solana Etf (VSOL) proposed from VANECK on the DTCC menu – a major introduction to its launch – has a sign that the organizational gears are turning.
With the risk of approval and opening dialogue the Securities and Stock Exchange Committee, the third swimming race in the United States ETF is heating quickly.
The DTCC menu shows a momentum for Solana Etf
Solana Etf Solana ETF (VSOL) is officially listed from VANECK at DePository Trust & Clearing Corporation (DTCC) in the “Activist and Preparation” category.
Although ETF cannot be created or recovered, the menu makes it eligible for electronic trading and clearance; Waiting for the final green light from the United States again.
Source: DTCC list of active and pre -traded investment funds
Although the approval is not guaranteed, the DTCC registration adds momentum to the growing field of ETF. James Sevart, Bloomberg analyst ETF, commented on development, He said,
“I will not be fully shocked if we see approvals on the investment funds circulating in Solana next month or so. But I will also not be surprised if we have to wait until the last deadline in October. The schedule is unknown. At the end of the day – the Supreme Education Council interacts and this is a good sign.”
High possibilities
Marbana ETF market confidence climbing quickly. According to polymarket, traders are now setting a 91 % opportunity for Solana ETF in 2025; 17 % jump in only days.
Source: polymarket
Although SEC has already agreed to the investment funds circulating in Bitcoin and ETHEREUM, Solana appears as the following possible candidate, supported by strong developer activity, fast transactions speeds, and expanding the DEFI.
Besides the last CME Futures approvals, the stage is set for the first time in the financial Sol.
Sol is struggling despite ETF momentum
Despite the increasing optimism about Solana ETF, the price of Sol remained under pressure. At the time of the press, Sol was traded at $ 147.26, a decrease of 0.24 % a day.
The relative power index was near 42, and showed weak momentum as close to the sales lands. Meanwhile, the MacD index showed a declining cross, with the signal line over the MACD line, confirming the downward pressure.
Source: TradingView
Although ETF news may be long -term optimistic, the short -term price recovery may face resistance unless there are broad purchase requests.
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2025-06-19 01:00:00
