Solana ETF Prepares for Listing: 'VSOL' Moves Closer to SEC Approval

It has been revealed that the physical ETF for Solana (SOL), proposed by U.S. asset management company VanEck, has been added to the 'Active Pre-Launch Funds' list by the U.S. securities clearing agency, DTCC.

The ticker symbol is 'VSOL'. While the creation and redemption (Create/Redeem) of the ETF are still disabled, and it has not yet started trading on the market, this move is perceived as indicating that approval from the U.S. Securities and Exchange Commission (SEC) may be forthcoming.

The inclusion of the ETF in the DTCC list signifies that preparations for processing on the clearing and settlement infrastructure are progressing...