VanEck’s proposed spot exchange-traded funds (ETFs) based on Solana have appeared in the asset list of the DTCC.
This may indicate an imminent approval from the SEC — previously, such a procedure preceded the launch of similar products.
The organization’s list includes both active and yet-to-be-launched ETFs. The Commission has not yet approved the new instrument based on the “people’s cryptocurrency.” However, Bloomberg analysts believe this could happen in the coming months.
In the case of VanEck’s spot Ethereum ETF, the fund began trading on the CBOE roughly two months after the instrument appeared on the DTCC list in May 2024.
Recently, the organization has been actively exploring the crypto sphere: it launched a platform for collateral tokenization and, according to media reports, is developing its own stablecoin.
Institutionalization of Solana
Following the announcement by RWA-project Ondo Finance about the creation of the Global Markets Alliance, Solana developers announced integration with capital markets through stock tokenization.
tokenized stocks are coming to Solana ?
internet capital markets https://t.co/cMnDLw8fbt
— Solana (@solana) June 17, 2025
Among the participants of the “alliance of leading wallets, exchanges, and custodians”:
- Solana Foundation;
- BitGet Wallet;
- Jupiter Exchange;
- Trust Wallet;
- Rainbow;
- BitGo;
- Fireblocks;
- 1inch;
- Alpaca.
The organization aims to integrate capital markets into the on-chain environment and develop interoperability standards for tokenized stocks.
Ondo Finance representatives also announced the launch of a global platform. It is designed to provide investors outside the US with on-chain access to American stocks, ETFs, and mutual funds.
In the past 24 hours, Solana’s cryptocurrency has depreciated by 3%, and over seven days — by 11%. The asset is trading around $146, according to CoinGecko.
Back in February, DTCC listed futures-based Solana ETFs on its website.
In the same month, the organization added a spot Litecoin ETF to its asset list.