Volatility Shares to Launch First Solana ETFs in the US
Key Takeaways:
- Investors find a new way to engage with crypto through structured instruments.
- The approach reflects evolving preferences for managed, indirect exposure.
- Such products may prompt a rethink of traditional crypto trading methods.
- Market strategies might adapt as risk management takes center stage.
Volatility Shares LLC is preparing to introduce the first-ever futures-based Solana ETFs in the United States, with the launch scheduled for Thursday, according to a Bloomberg report.
The Florida-based firm will roll out two ETFs: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
SOLZ will track Solana futures and offer standard exposure to the cryptocurrency, while SOLT will provide leveraged exposure, aiming to double both potential gains and losses.
The ETFs received approval from the U.S. Securities and Exchange Commission (SEC) earlier this month.
This marks the first time Solana ETFs will be available to U.S. investors, broadening access to one of the largest cryptocurrencies by market capitalization.
SOL Fails to React to ETF News, Market Value at $67B
Solana, valued at approximately $67 billion, has gained popularity for its fast transactions and low fees.
The upcoming launch of the Solana ETFs reflects growing investor interest in diversified crypto products beyond Bitcoin and Ethereum, which have historically dominated the market.
Following the announcement of the Solana ETF launch, SOL’s price remained relatively stable.
It traded at around $131.68, up 6.3% over the past 24 hours, showing little immediate reaction to the news.
The new Solana futures ETFs follow the success of Bitcoin futures ETFs, which attracted substantial investor demand.
Unlike spot ETFs, which hold the underlying cryptocurrency, futures-based ETFs trade contracts that track price movements.
This structure allows investors to gain exposure without directly purchasing Solana, offering a regulated and potentially lower-risk avenue.
Volatility Shares first submitted filings for the Solana ETFs in December 2024.
The expense ratios are set at 0.95% for SOLZ and 1.85% for SOLT, covering the costs associated with managing futures contracts.
“Our launch comes at a time of renewed optimism for cryptocurrency innovation in the U.S.,” said Justin Young, CEO of Volatility Shares, in an interview with Bloomberg.
Once live, the Solana ETFs will offer investors new ways to access the cryptocurrency market without the need to hold digital assets directly.
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