Solana has taken another step toward mainstream adoption in traditional finance. The Depository Trust and Clearing Corporation (DTCC) has officially listed two Solana futures ETFs—Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2x Solana ETF (SOLT). This development has sparked speculation about whether a spot Solana ETF could be next.

DTCC Listing and Its Significance

DTCC plays a crucial role in financial markets by providing clearing and settlement services. Its listing of Solana futures ETFs signals institutional interest and is often seen as a key step before ETFs begin trading on exchanges.

At the same time, the U.S. Securities and Exchange Commission (SEC) is reviewing multiple spot Solana ETF applications from major asset managers, including 21Shares, Bitwise, VanEck, and Franklin Templeton. While the regulatory environment remains uncertain, the approval of these futures ETFs could set a precedent for future spot Solana ETF approvals.

Growing Demand for Solana ETFs

The interest in Solana-based ETFs is increasing. Volatility Shares had previously filed for three Solana ETFs with different leverage options, though only two made it onto the DTCC list. These ETFs aim to provide investors with exposure to Solana futures contracts on Commodity Futures Trading Commission (CFTC)-regulated exchanges. While no Solana futures existed on such exchanges at the time of filing, Coinbase recently introduced Solana futures trading on its CFTC-regulated platform.

What Analysts Are Saying

Bloomberg analyst Eric Balchunas called the DTCC listing a positive sign for a future spot Solana ETF but warned that listing alone does not guarantee immediate trading. For example, VanEck’s spot Ethereum ETF took two months after its DTCC listing to launch.

Meanwhile, broader regulatory shifts suggest that issuers are preparing ETFs for more cryptocurrencies beyond Bitcoin and Ethereum. XRP, Litecoin, and Dogecoin could also see ETF filings in the near future, depending on market demand and regulatory developments.

What This Means for Investors

With institutional interest in Solana growing and futures ETFs gaining traction, a spot Solana ETF could be the next logical step. However, investors should remain cautious, as regulatory uncertainty still plays a significant role in the approval process.

This article is for informational purposes only and does not constitute financial or investment advice.