Volatility Shares launching Solana futures ETFs March 20

Volatility Shares is launching 2 Solana (SOL) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), connected March 20.

According to the Securities and Exchange Commission filing, SOLZ volition diagnostic a absorption interest of 0.95% until June 30, 2026, erstwhile the absorption interest volition summation to 1.15%.

Volatility Shares’ 2X Solana ETF gives investors doubly the leverage and volition diagnostic a 1.85% absorption fee.

Volatility Shares Solana ETF SEC filing. Source: SEC

The filings correspond the archetypal Solana-based ETFs successful the US and travel the Chicago Mercantile Exchange (CME) Group’s debut of SOL futures contracts.

Following a leadership alteration astatine the SEC and the reelection of Donald Trump arsenic president of the United States, plus managers and ETF firms person submitted a torrent of ETF applications to the SEC for approval.

Related: Solana’s 5th birthday: From pandemic origins to US crypto stockpile

CME Group debuts SOL futures

SOL futures went unrecorded connected March 17 with a trading measurement of astir $12.1 million connected the archetypal day.

For context, Bitcoin (BTC) futures debuted astatine implicit $102 cardinal successful measurement connected the archetypal time of trading, and Ether (ETH) futures garnered implicit $30 cardinal the time they launched.

Despite the comparatively debased volume, SOL futures contracts could assistance boost request for the cryptocurrency from organization investors and promote terms discovery.

SOL futures measurement and unfastened interest. Source: Chicago Mercantile Exchange

The motorboat of SOL futures signaled the support of SOL ETFs successful the United States arsenic fiscal regulators clasp integer assets amid a argumentation pivot.

According to Chris Chung, laminitis of Titan — a Solana-based swap level — the CME’s futures bespeak that SOL is present a mature plus susceptible of attracting organization interest.

Chung added that the motorboat of SOL futures and ETFs presumption Solana arsenic a blockchain web poised for real-world usage cases specified arsenic payments, not conscionable a memecoin casino.

ETFs could besides let capitalist superior to travel into SOL, creating a sustained rally successful the altcoin that competitors lacking an ETF mightiness miss retired on.

The motorboat of Bitcoin ETFs successful 2024 is wide believed to person siloed organization superior distant from the remainder of the crypto market, preventing superior rotation from BTC into altcoins and upending altseason.

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