In a recent development, Volatility Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) based on Solana futures. According to a social media post by ETF Store President Nate Geraci, the proposed ETF will offer 1x, 2x, and -1x leverage exposure.
Key Details of the Application
* The ETF application was submitted to the SEC on December 28. * The proposed ETF will be based on Solana futures contracts, which are currently traded on exchanges registered with the Commodity Futures Trading Commission. * The ETF will offer varying levels of leverage exposure, including 1x, 2x, and -1x.
What This Means for Investors
The submission of this ETF application marks a significant development in the cryptocurrency space, potentially offering investors new ways to engage with Solana futures. As the SEC reviews the application, investors will be watching closely to see if this new investment product will be approved and made available to the market.
Source: M.theblockbeats.info
