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ZyCrypto 2025-03-20 14:12:00

First-Ever U.S-Based Solana Futures ETFs To Begin Trading Today, Bringing Spot ETFs Closer To Reality

Two exchange-traded funds tied to the price of Solana (SOL) using futures contracts are set to hit the market today (March 20), marking a critical milestone that could pave the way for US spot Solana ETFs. Volatility Shares To Debut First SOL Futures ETFs An upstart asset manager is launching the first-ever funds tracking futures in SOL, the industry’s sixth-biggest crypto by market cap, after the resounding success of Bitcoin and Ether products. According to a filing with the Securities and Exchange Commission (SEC), Florida-based Volatility Shares LLC is debuting two ETFs, the Volatility Shares Solana ETF (SOLZ), which will track Sol ana futures, and the Volatility Shares 2X Solana ETF (SOLT), which will offer twice the leveraged exposure. According to the filing, SOLZ will charge a management fee of 0.95%, while traders will be charged 1.85% for SOLT. “Our launch comes at a time of renewed optimism for cryptocurrency innovation in the US,” said Justin Young, the chief executive officer of Volatility Shares. As the SEC mulls applications from a handful of asset managers seeking to introduce a spot Solana ETF on Wall Street, Volatility Shares’ launch represents an implied acknowledgment from the regulator that SOL is a commodity—a departure from how the regulator had previously considered the altcoin. After initially filing for a futures-based Solana ETF in December, Volatility Shares’ products will be Solana’s first-ever funds tracking futures. Launching these funds could be the stepping stone in obtaining spot SOL ETFs, which would hold the top altcoin directly. The SEC has previously said that before approving a spot product, they would like to see an established futures market for the asset. The filing follows the Chicago Mercantile Exchange (CME) Group’s recent launch of SOL futures contracts. Spot Solana ETFs Coming Soon? Following a leadership change at the SEC and the return of President Donald Trump to the White House , multiple asset managers, including Grayscale, Franklin Templeton, Canary Capital, and VanEck, have filed with the agency to launch spot Solana exchange-traded funds. Bloomberg ETF analysts have tipped the odds of those funds receiving the regulatory nod by the end of the year at 70%. These ETFs could allow capital from traditional retail and institutional investors to flow into SOL, creating a sustained upsurge in the token’s price. CoinGecko data shows that as of press time, Solana was changing hands at $131.34, climbing 3.2% on the day .

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