- Vanecks Solana ETF (Vsol) hits DTCC list, an important step towards Sec approval.
- Despite the ETF momentum and 91% approval odds, Sol’s price -bear indicators and weak demand show.
Solana (sun) Just took a big leap against Wall Street Legitimacy. Vaneck’s proposed Solana ETF (VSOL) has landed on the DTCC list – an important predecessor to launch – a sign that regulatory tool is turning.
With approval odds raising and the SEC opening dialogue, the race for the third US site Crypto ETF heats quickly.
DTCC list shows forwards for Solana ETF
Vaneck’s proposed Spot Solana ETF (VSOL) has officially been listed on Depository Trust & Clearing Corporation (DTCC) under the category “Active and Pre-Launch”.
Although ETF cannot yet be created or redeemed, the list makes it eligible for electronic trade and cleansing; In anticipation of a final green light from US Sec.
Source: DTCC list of ETF’s active and before launch
Although approval is not guaranteed, the DTCC registration adds to the growing area for ETF issuers. Bloomberg ETF -analyst James Seyffart commented on development, saying, saying,
“I would not be completely shocked if we see approvals for Solana ETFs next month or so. But I would also not be surprised if we have to wait for the final deadline in October. The timeline unknown. At the end of the day – Sec is engaging and that is a good sign.”
The odds are high
The market confidence for a Solana ETF climbs quickly. According to Polymerket, traders are now allocating a 91% chance that a Spot Solana ETF will be approved in 2025; A jump of 17% in just a few days.
Source: Polymarket
While SEC has already approved Bitcoin and Ethereum Spot ETFS, Solana appears as the next probable candidate, with the support of its robust developer activity, rapid transaction speeds and expanding defi ecosystems.
Combined with the latest CME futures approval, the stage for Sol’s mainstream financial debut is set.
Sun fights despite ETF Momentum
In spite of growing optimism around Soana ETFSol’s price measure remained under pressure. At press time, sun was acted at $ 147.26, a decrease of 0.24% on the day.
RSI was close to 42, showing weakened speed while he was close everywhere territory. At the same time, the MACD indicator showed a baisse -like crossover, with the signal line placed above the MACD line, which confirmed downward pressure.
Source: Tradingview
While ETF news can be Hausse in the long term, short-term price recovery may face resistance unless broader purchase of demand returns.
