First Solana Futures ETFs Launching on Thursday by Volatility Shares
Two exchange-traded funds (ETFs) based on Solana (SOL) futures will launch on Thursday:
- Volatility Shares Solana ETF (SOLZ) tracking Solana futures
- Volatility Shares 2X Solana ETF (SOLT) offering leveraged exposure
SOLZ has a management fee of 0.95% and SOLT charges 1.85%. These ETFs represent the first funds to track Solana futures. The current market cap for Solana is $66.5 billion, making it the sixth largest cryptocurrency. Solana's price increased by 6% in the last 24 hours.
The launch may impact the approval process for a spot Solana ETF, which would hold the token directly. The SEC seeks an established futures market for this approval.
Several firms, including Grayscale, Franklin Templeton, and VanEck, have proposed spot Solana ETFs pending SEC review. Analysts estimate a 75% chance of approval for these funds by year-end.
A decision may be delayed until after Paul Atkins, nominated by President Trump as SEC chair, is confirmed. No hearing for Atkins is currently scheduled.