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VanEck’s proposed Solana ETF, trading under the ticker symbol VSOL, has been listed on the Depository Trust & Clearing Corporation (DTCC) website. This listing is a crucial step in preparing the exchange-traded fund for potential launch. However, it’s essential to note that this move does not imply any regulatory approval or guarantee that the fund will be approved or launched soon.
The listing on DTCC is part of the standard process for exchange-traded funds (ETFs) seeking to go public. It allows the company to prepare necessary documentation and clear its shares in anticipation of a potential launch. While this development has garnered significant interest, it’s essential to separate this listing from any regulatory approval that the fund may still require.
The ETF must still undergo a thorough review by relevant authorities before it can officially begin trading on exchanges. VanEck will need to ensure that their proposed Solana ETF meets all necessary regulatory requirements and guidelines.
It remains to be seen when or if the proposed ETF will receive the green light from regulators, but this listing on DTCC is a crucial step in the process. As more information becomes available, we’ll be sure to keep you updated.
This article was written by Qadir Ak, founder of Coinpedia.
Source: coinpedia.org
