Volatility shares is launching the first Solana futures ETFs (exchange-traded Funds) ever in the United States.
Tomorrow, March 20th, 2025 the Volatility Shares Solana and Volatility Shares Solana2x ETFs will be launched with ticker symbol SOLZ or SOLT.
SOLZ/SOLT offers investors the opportunity to gain a regulated exposure in futures trading Solana. This cryptocurrency has a capitalization over $66.6 billion.
SOLZ’s expense ratio will be 0.95%, while SOLT will be 1.85%.
Solana ETFs are coming to US
According to a filing with the regulatory authority, SOLZ is going to track Solana’s futures contract performance and provide a 1x standard exposure.
VolShares SOLT, on the other hand, aims to provide a 2x leveraged exposure.
The spot Solana funds are available days after CME Sol Futures. Industry anticipation has increased with the filing of several regulatory documents.
Volatility Shares has Bitcoin Futures ETFs BITO and BITX. The SOL Futures ETFs, however, are the first altcoins to be offered a US futures exchange traded fund (ETF) after Ethereum.
VolShares has filed the SOLT and SOLZ at the US Securities and Exchange Commission in December of 2024.
The firm is targeting a third Solana ETF, with an option to buy the inverse. However, SOLZ and SOLT will be available on the market by March 20th.
Volatility shares’ ETFs will be available after regulated Solana contracts launch on March 17, 2020, through Coinbase Derivatives, and Chicago Mercantile Exchange.
What’s next, a Solana ETF?
Solana has attracted a lot of interest in the last year from investors.
Industry experts believe that despite the debacle of the meme coins on the chain there are good chances for the SEC to approve spot Solana exchange traded funds.
Top asset managers such as VanEck 21Shares Franklin Templeton Bitwise Canary Capital and Canary Capital have submitted applications to the SEC.
Experts are increasing the odds of approval for SOLZ and SOLT, even though SEC has not yet given the go-ahead for either.
Solana’s price rose 6% on the back of this news to $130. Market participants will be watching closely to see how two SOL ETFs perform on their first day.
The SEC’s decision regarding the Solana Spot ETF application will likely be the focus of attention.
Eric Balchunas, senior ETF analyst at Bloomberg, commented on what the future could hold for VolShares SOL ETFs.
It’s the second altcoin to get approval after Ether. History has shown ETF investors to be very interested in holding physical assets. “It could cause some problems when the spot approval is made.”
VolShares launches first Solana ETFs tomorrow in the US may change as new information becomes available.
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