The DTCC entry signals that the fund’s operational plumbing—creation/redemption identifiers, trade settlement codes and clearing eligibility—has been assigned, even though shares cannot yet be issued. Derivatives and prediction markets reacted swiftly. On Polymarket, the contract that pays out if any Solana ETF is approved by 31 July 2025 now prices a 58–60 % probability, while the full-year contract has surged to 92%.
Regulatory handicappers are still leaning bullish. Bloomberg Intelligence’s Eric Balchunas wrote that investors should “get ready for a potential alt-coin ETF summer with Solana likely leading the way,” and together with colleague James Seyffart now assigns a 90% likelihood of eventual approval.
For traders, the presence of VSOL on DTCC’s screens is more than cosmetic: it demonstrates that, at least on the market-infrastructure side, the switch has been wired and tested—waiting only for a regulatory finger to press “on.”
Notably, the SEC delayed Franklin Templeton’s spot-Solana ETF application yesterday—a pause that analyst James Seyffart called “expected… [because] today was only an intermediary deadline.” He added that the agency’s ongoing dialogue over the updated S-1s for Solana-staking products is “a very positive sign,” even if “timelines for approvals are less certain.”
Seyffart summed up the mood: “I wouldn’t be shocked if we see approvals in the next month, but I also wouldn’t be surprised if we have to wait until the final deadline in October… At the end of the day, the SEC is engaging—and that’s a good sign.”
At press time, SOL traded at $145.89.
