The Solana Solans-Transped (ETF), VSOL, appeared in the ProsperTory Trust & Clearing Corporation (DTCC) under the “active and pre-” category, which represents a big step forward in its potential approval.
Although this situation does not guarantee organizational clearance, it tries the fund from the potential trading on American stock exchanges and reflects a wider direction of institutional recognition of Solana’s investment products.
The Solana ETF menu moves to the pre -launch stage
The DTCC menu confirms that VSOL’s VSOL is now registered for trading and electronic in the future.
This is followed by the last SEC request that exporters, including VNECK, submit the updated S-1 registration models.
Although ETF cannot be created or replaced, its presence on the DTCC platform indicates that the infrastructure is prepared.
Bloomberg James Sevart and Eric Balunas said that SEC is actively involved with S-1 files for investment funds circulating in Solana, indicating the increasing openness to expanding ETF shows.
The delay was expected here. The intermediate deadline for this was today. But SEC is involved in S-1 in Solana Staking Etfs and this is a very positive sign. However, the approvals time schedules are less confident than the International Maritime Organization
SEC has already agreed to SEC’s investment funds for Bitcoin and Ethereum, and attention is now turning to whether Solana will be the next.
An increasing institutional interest in Solana
DTCC menu is a wider wave of institutional interest in Solana.
Earlier this year, Solana Etfs, Solz and Solt-on DTCC, but they are still in a refundable state only.
Many asset managers, including BitWise, Coinshares and Franklin Templeton, also provided for the Solana Investment Funds, although SEC has been delayed in some of these applications.
VANECK has already launched the investment funds circulating in Bitcoin and Ethereum and manages multiple digital asset funds in the world.
By adding Solana to its display, it aims to provide investors with organized access to one of the effective Blockchains collections used in the DEFI and NFT space.
Solana’s ability to process thousands of transactions per second, along with a strong developed ecosystem and increased accreditation in Web3 applications, made a pioneering candidate for prevailing financial integration.
According to Polymarket, a central predictive market, traders set a 91 % opportunity for ETF Solana consensus by 2025.
The market reaction and the direction of the Solana price
Despite the development, Solana’s original symbol, Sol, was trading at $ 147.93 at the time of writing, a decrease of approximately 3 % over the past 24 hours.
source: Coinmarketcap
The price movement reflects caution, perhaps due to the wider market fluctuations or uncertainty about the SEC schedule for a final decision.
While the insertion with DTCC is an important part of introducing ETF to the market, it does not mean immediate launch.
Instead, it shows that the fund has achieved primary clearing standards and trading eligibility.
VSOL’s actual trading date has not been confirmed.
In the background, SEC continues to evaluate Etfs Solana files.
The result will determine whether Solana joins Bitcoin and Ethereum as the third encrypted currency that is fully granted ETF approval in the United States.
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