Solana Futures ETFs Set to Launch, Potentially Paving Way for Spot ETF Approval
Two new Solana (SOL) futures exchange-traded funds (ETFs) will debut on Thursday, marking a milestone for the cryptocurrency’s presence in traditional finance.
Volatility Shares LLC has filed with the Securities and Exchange Commission (SEC) to launch:
- Volatility Shares Solana ETF (SOLZ): Tracks Solana futures.
- Volatility Shares 2X Solana ETF (SOLT): Provides leveraged exposure to SOL price movements.
SOLZ will carry a 0.95% management fee, while SOLT traders will face 1.85% in fees, according to the SEC filing.
A Key Development in the Push for a Spot Solana ETF
The arrival of futures-based Solana ETFs could be a significant step toward the approval of a spot Solana ETF, which would hold actual SOL tokens rather than futures contracts. Historically, the SEC has required an active futures market before considering spot ETF approvals.
With Solana boasting a market cap of $66.5 billion and ranking as the sixth-largest cryptocurrency, interest in spot Solana ETFs is growing. Firms including Grayscale, Franklin Templeton, and VanEck have already filed applications, but SEC approval is still pending.
Bloomberg Intelligence analysts place the likelihood of a spot Solana ETF approval at 75% by year-end. However, the decision may depend on Paul Atkins’ Senate confirmation as SEC chair, following his nomination by President Donald Trump. So far, no hearing date has been scheduled.
