Solana ETF Approval Odds Surge as Institutional Confidence Grows

VanEck's proposed spot solana ETF (VSOL) has been registered with the Depository Trust & Clearing Corporation (DTCC), marking a significant step toward potential SEC approval. The DTCC listing, categorized as "active," signals growing institutional confidence in Solana's role within the ETF market. Bloomberg ETF analysts note the SEC has begun reviewing amended S-1 filings for Solana-based ETFs, a development described as "a very positive" sign for the cryptocurrency's future. This move could pave the way for broader adoption and increased investment in Solana, further solidifying its position in the digital asset space. As of June 2025, the market is closely watching these developments, which could significantly impact Solana's price and market dynamics.

Solana ETF Approval Odds Surge After DTCC VSOL Listing

VanEck's proposed spot Solana ETF (VSOL) has been registered with the Depository Trust & Clearing Corporation (DTCC), marking a significant step toward potential SEC approval. The DTCC listing, categorized as "active," signals growing institutional confidence in Solana's role within the ETF market.

Bloomberg ETF analysts note the SEC has begun reviewing amended S-1 filings for Solana-based ETFs, a development described as "a very positive sign." While not a guarantee of approval, the procedural momentum suggests increasing regulatory engagement with Solana as an asset class.

VSOL WOULD be the first U.S. exchange-traded fund directly tied to Solana's spot market. The DTCC registration enables preparation for electronic trading and clearing processes, though creation/redemption rights remain pending regulatory green lights.

a16z Recovers X Account After Hack Promoting Fraudulent Solana Token

Andreessen Horowitz (a16z) regained control of its compromised X account following a brief takeover by hackers promoting a fake Solana-based token. The attackers exploited the platform's 850,000 followers with posts claiming a $5 million airdrop and a fabricated $a16z token launch.

On-chain data revealed a classic pump-and-dump pattern, with the fraudulent asset spiking before collapsing 90%. The breach was contained to social media, with no internal systems compromised. "All promotions were unauthorized," a16z confirmed after purging malicious content.

Solana Foundation and Bitget Wallet Join Ondo’s Market Alliance as XYZVerse Eyes Strategic Push

The Solana Foundation and Bitget Wallet have aligned with Ondo Finance's Global Markets Alliance, accelerating institutional adoption of tokenized real-world assets (RWAs). This coalition, which includes Trust Wallet, Rainbow, Jupiter Exchange, 1inch, and BitGo, aims to standardize infrastructure for onchain stocks, bonds, and yield-bearing instruments.

Ondo's ecosystem now commands $1.4 billion in total value locked (TVL), reflecting surging demand for blockchain-based financial products. Meanwhile, XYZVerse emerges as a dark horse from the meme coin sector, signaling potential disruption to established players.