Volatility Shares to Launch First Solana Futures ETFs in the U.S. This Thursday
Volatility Shares, a Florida-based firm specializing in exchange-traded funds (ETFs), is set to launch two ETFs tracking Solana futures on the Nasdaq this Thursday, the company confirmed to Decrypt. The new ETFs will offer U.S. investors the opportunity to trade Solana futures contracts, marking the first such products to debut in the U.S.
The two funds—Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2x Solana ETF (SOLT)—will be listed on the Nasdaq, with the latter offering leveraged exposure for those seeking amplified returns. SOLZ will track Solana futures, which were recently launched on the U.S. market through Coinbase’s derivatives arm.
Justin Young, co-founder and CEO of Volatility Shares, expressed confidence in the launch. “We were the first to bring Bitcoin and Ethereum leverage ETFs to the U.S., so this is a natural extension of our expertise,” Young told Decrypt. ”It’s all about being first to market again.”
The launch of these Solana futures ETFs comes as the U.S. Securities and Exchange Commission (SEC) continues to review applications for a spot Solana ETF, with some experts seeing Volatility Shares’ move as a sign of broader acceptance of Solana as a commodity.
Solana’s futures began trading quietly on the Chicago Mercantile Exchange (CME) on Monday, with $12.3 million in daily trading volume—modest compared to Bitcoin and Ethereum’s futures debuts but in line with the market’s current size. According to K33 Research, the launch volumes were proportionate to Solana’s market capitalization, mirroring the early days of Bitcoin and Ethereum futures.
Despite regulatory uncertainty surrounding crypto ETFs, Volatility Shares’ launch signals growing confidence in Solana’s market potential. The firm initially filed for a Solana futures ETF in December, with the SEC registration process still ongoing.
While the approval of a spot Solana ETF remains pending, the debut of these futures-based funds represents an important milestone in the ongoing evolution of cryptocurrency-related financial products in the U.S.
Featured image from: tronweekly.com