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📖 Day 1 · Quiz (Single Choic
DTCC has included the proposed Spot SOL ETF by VanEck in the list of "active and pre-issuance" funds.
According to Gate News bot, The Block reported that the proposed Spot Solana exchange-traded fund by VanEck has been listed on the page maintained by the Depository Trust & Clearing Corporation (DTCC), indicating that the SEC may soon approve the fund.
The DTCC's list includes active ETFs and pre-issue ETFs, the latter of which cannot be traded on the DTCC until they receive approval from regulatory authorities. The SEC has not yet approved the Spot SOL ETF, but Bloomberg analysts believe this could be completed within a few months.
DTCC pointed out that the fund cannot create or redeem, with the stock code VSOL. Earlier this year, DTCC added two proposed Solana futures ETFs to the list, namely Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2x Solana ETF (SOLT), both of which remain on the list as "redeemable" funds.
DTCC is a securities clearing company registered with the SEC in the United States and is a cornerstone of the traditional financial system. The organization has recently been expanding its influence in the cryptocurrency space, including the launch of a tokenized collateral platform.
According to reports, the company also plans to launch a stablecoin.