VanEck Registers Spot Solana ETF with the DTCC under the ticker VSOL

A publicly traded spot Solana SOL/USD exchange-traded fund (ETF) has moved one step closer to reality.

Global fund provider VanEck registered its planned fund with the Depository Trust & Clearing Corporation (DTCC) under the ticker VSOL.

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There is still no official launch date from VanEck for VSOL to start trading, but according to Bloomberg analysts, the ETF could get Securities and Exchange (SEC) approval within a month and the fund could launch in July.

VanEck is among a number of companies with aims to get a spot Solana ETF to market, including CoinShares, Bitwise and Franklin Templeton.

Solana SOL/USD traded at $146 traded at $146 on Wednesday, with a 3% intraday drawdown amid greater market volatility.

More Solana Headlines You Should Know

The Dfinity Foundation ICP/USD has integrated Solana into the Internet Computer Protocol.

It aims to enable multi-chain decentralized applications without using risky bridges. The integration uses ICP's Chain Fusion tech to connect with major networks like Bitcoin, Ethereum, and Solana. Internet Computer's smart contracts, known as canisters, can interface directly with Solana-native assets, unlocking faster, lower-cost, and more secure DeFi execution across chains.

The move allows developers to tap into Solana's 4.8M daily users while leveraging ICP's native tools. It’s a strategic leap toward building a decentralized, interoperable Web3 ecosystem across blockchains.

Trading and Technicals

All key EMAs, 7-day ($150.29), 25-day ($155.36), and 99-day ($156.94), are sitting above current price action, confirming a short-term downtrend. The Moving Average Convergence Divergence (MACD) has extended its negative divergence, registering -0.62, while the Relative Strength Index (RSI) slipped to 42, signaling waning buying pressure and room for further downside before hitting oversold territory.

Immediate support levels lie at $145 and $140.21, with potential for a deeper drop toward $137 or even $130 if bearish volume increases. Resistance stands at $150.29 (EMA 7) and $154.33 (24-hour high), both of which now serve as barriers to any rebound.

SOL’s current structure suggests a consolidation phase with downside risk, especially after repeated rejections around the $180 zone in recent weeks. Until bulls reclaim and hold above $150, the near-term outlook remains bearish.

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