The Depository Trust & Clearing Corporation (DTCC) has revealed that it has listed the first Solana futures ETFs on its platform. The ETFs include SOLZ (Volatility Shares Solana ETF) and SOLT (Volatility Shares 2x Solana ETF).
Nasdaq maintains that DTCC is a provider of post-trade clearance, settlement, custody and information services. The DTCC listing of SOLZ and SOLT earlier today is considered a positive signal for ETFs that are looking to launch.
DTCC lists the first two Solana ETFs
Breaking: #DTCC lists 2 #Solana Futures ETF symbols.
DTCC lists first Solana futures ETFs: @VolShares Solana ETF ticker $SOLZ and Volatility Shares 2X Solana ETF under ticker $SOLT.https://t.co/mcTqiMyBGL pic.twitter.com/Bj8FFi7Qj5
— MartyParty (@martypartymusic) February 27, 2025
The Depository Trust & Clearing Corporation announced on February 27 that it has listed the first Solana futures ETFs. The ETFs include Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2x Solana ETF (SOLT).
The DTCC listing the Solana ETFs meant that they were eligible for clearing and settlement through the platform, which is essential for efficient and reliable trading. The platform highlighted on its website that its listings included both active ETFs and ETFs that were not yet active (pre-launch). The firm added that those ETFs that were not yet active would not be processed at DTCC unless they have received all necessary regulatory and other approvals.
“This move signals growing institutional adoption of Solana and could pave the way for broader crypto ETF approvals. With Bitcoin and Ethereum ETFs already making waves, Solana’s entry into the mix marks another step toward mainstream crypto integration on Wall Street.” – Mario Nawfal, Founder of IBC Group.
Bloomberg Intelligence analyst James Seyffart believes that the U.S. Securities and Exchange Commission (SEC) will probably take SOL ETFs approval processes beyond 2026. At the time of publication, there was no fully approved U.S.-listed Solana ETF that directly held SOL tokens.
JPMorgan estimated that a spot SOL ETF could attract roughly $3B to $6B in net assets within its first year, which could influence the Solana ETF price and liquidity. Polymarket also predicted the odds of a spot Solana ETF approval by July 31 at around 39%, which reflected optimism for the markets.
Seyffart and Bloomberg’s Eric Balchunas believe that Solana ETFs had a 70% chance of approval, though their classification could indeed complicate things.
The SEC approves other spot exchange-traded funds
Aside from Solana ETFs, the DTCC listed Canary Capital’s U.S. spot Litecoin ETF on February 20 with the ticker symbol LTCC. The SEC had asked for public comment last month on Canary’s proposed spot Litecoin ETF. Nasdaq filed a 19b-4 form for the fund in the Federal Register on February 4.
The 19b-4 filing is considered the second step in the two-step process for proposing a cryptocurrency ETF to the SEC. The document will get published in the Federal Register after confirmation, thereby initiating the SEC’s approval process.
The SEC revealed on February 18 that the Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange, submitted an application to list and trade Bitwise’s XRP spot ETF. The SEC asked for public comments to be submitted within 21 days of the document’s publication in the Federal Register. The agency acknowledged that it may decide to approve, disapprove, or “initiate proceedings.”
The agency acknowledged it had until mid-October to make a final decision regarding the XRP ETFs. Seyffart and Balchunas believe that there was a 65% likelihood of an XRP-based ETF being approved in 2025. Both analysts also said that the acknowledgements by the SEC indicated that the agency was more open to XRP ETFs.
Bitwise Chief Investment Officer Matt Hougan maintained that there was a substantial demand for spot XRP exchange-traded funds. The firm’s filing was one of the first XRP ETF applications to be acknowledged, with applicants like Grayscale and 21Shares following suit.
The SEC filed a regulatory notice on February 20 seeking public comments on the proposed rule changes required to list Grayscale’s XRP and Dogecoin Trusts under NYSE Arca Rule 8.201-E. The agency also recognized the XRP ETF application submitted by asset manager 21Shares on February 21.
CoinShares was approved on February 19, becoming the fourth XRP ETF application to be acknowledged by the SEC. Hougan added that the industry will get dozens of filings and dozens of launches throughout this year “with every possible flavour of financial exposure you can think of.”
Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
