The First Solana Futures ETFs Launch in the US on Thursday

The first Solana Futures ETFs in the US are about to launch: As confirmed by Volatility Shares, the new financial products will be listed on Nasdaq on Thursday. This marks another important step in the institutional acceptance of Solana (SOL) as a tradable investment product.

Two new Solana ETFs

Volatility Shares, a Florida-based ETF issuer, is launching two different Solana futures ETFs: the Volatility Shares Solana ETF (SOLZ), which tracks the Solana futures market, and the Volatility Shares 2x Solana ETF (SOLT) , which provides investors with leveraged returns. Both ETFs will trade on the Nasdaq, as first reported by Bloomberg.

Justin Young, co-founder and CEO of Volatility Shares, stated: “We launched the first leveraged Bitcoin and Ethereum ETFs in the US, so this product fits perfectly into our portfolio. It’s another first-mover advantage for us.”

Significance for the Solana market

The launch of these ETFs underscores Solana’s growing importance as a tradable financial instrument. The SEC is currently reviewing applications from several asset managers for a spot Solana ETF , but with the launch of the futures ETFs, Solana is already implicitly recognized as a commodity.

Volatility Shares filed for a futures-based Solana ETF in December. While the company initially also planned an inverse Solana ETF (-1x Solana ETF), this product has been put on hold for the time being.

Solana Futures and Market Reactions

Solana futures have already been launched on the Chicago Mercantile Exchange (CME), where they achieved a trading volume of $12.3 million on Monday. Bitcoin and Ethereum futures previously made their CME debuts in 2017 and 2022, respectively.

The news of the Solana ETFs also had an impact on the price: On Wednesday, the price of SOL rose by 5% to $130, following a 27% drop in the cryptocurrency’s value last month. The decline was exacerbated by economic policy uncertainty in the US, particularly tariffs imposed by President Donald Trump.

Conclusion

The launch of the Solana Futures ETFs marks a significant milestone for the crypto market and could open up new opportunities for institutional investors. While a spot Solana ETF is still awaiting regulatory approval, this futures option already offers a new investment opportunity in the promising altcoin Solana.

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