Volatility Shares LLC has launched the first Solana futures ETFs, making them available to US investors. The ETFs include a standard version (SOLZ) and a leveraged version (SOLT).
Two New Solana Funds Enter the Market
Starting today, the first exchange-traded funds (ETFs) based on Solana futures (SOL) will be accessible to US investors. These products, launched by Volatility Shares LLC, include the Volatility Shares Solana ETF (SOLZ), which offers standard exposure to Solana futures, and the Volatility Shares 2X Solana ETF (SOLT), which provides leveraged exposure.
A Stepping Stone for a Solana Spot ETF
The introduction of these ETFs could strengthen the chances of a Solana spot ETF being approved. Bloomberg Intelligence estimates that there is a 75% likelihood of approval by the end of 2025.
Costs and Specifics of the New Solana ETFs
According to documents filed with the SEC, these new ETFs will have distinct management fees:
- SOLZ: 0.95% annual fees
- SOLT (leveraged ETF): 1.85% annual fees
These costs are in line with other cryptocurrency-related financial products and reflect the higher risk of SOLT due to leverage.
Solana currently has a market capitalization of $66.5 billion, making it the sixth largest cryptocurrency. Its price has risen by 6% in the past 24 hours, following the bullish trend in the crypto market.
The arrival of these ETFs is part of a broader trend of expanding financial products linked to digital assets. After the success of Bitcoin and Ethereum spot ETFs in 2024, issuers are now turning to other blockchains, including Solana, seen as a robust and scalable alternative.
Tense Regulatory Waiting
However, the SEC may not immediately rule on the applications for Solana spot ETFs. The decision could depend on the confirmation of Paul Atkins as the future chairman of the SEC under the Trump administration. His potential appointment could influence crypto regulation policy, but no specific timeline has been established yet.
