Volatility Shares filed for a Solana Futures ETF with the SEC on December 27.
The firm was also one of the first to launch an Ether Futures’ ETF.
As the holiday cheer continues, crypto prices also continue to fall. The market shows signs of struggle against the bears. Meanwhile, Solana’s co-founder Stephen Akridge was accustomed to a lawsuit from his ex-wife who alleged that he stole millions of dollars from her SOL staking. Apart from this, there has been a minor silence hanging over the sector.
Notably, Volatility Shares, an investment-related firm, filed with the SEC for a Solana Futures ETF. Reports stated that the firm plans to diversify its digital asset investments, thus making the filing. The official SEC filing was dated December 27, days after Christmas, causing a stir in what was supposed to be a ‘quiet week’.
This filing has caught widespread market attention, and prominent ETF investors have shared their opinions. Nate Garcia first reported on X, the Volatility Shares’ filing of the ETF even before Solana futures trading existed. The Solana Futures ETF is indexed at 1x, 2x, and -1x exposure, as per Garcia’s reports.
VolatilityShares files for *futures-based* Solana ETFs…1x, 2x, & -1x exposure.Something to watch as VolatilityShares pushed the SEC on ether futures ETFs. pic.twitter.com/lRs0XXMj5g
— Nate Geraci (@NateGeraci) December 27, 2024
Another prominent ETF analyst, Eric Balchunas also expressed his take on Volatility Shares’s move. He stated that it was quite an interesting move and discussed how the firm also pushed for Ether future ETFs. Other members also closely watch the investing firm’s process on the ETFs.
How Is Volatility Shares Navigating the Futures ETF Market?
The firm has been an active participant in the futures ETF sector over the past years. Volatility Shares was also the first to file for an Ether Futures ETF back in 2023. During that time, it caught immense market attention and enthusiasm.
The filing faced regulatory setbacks, however, as mentioned by Balchunas, Volatility Shares battled against the odds to launch the ETF. Speaking of regulatory setbacks, previously in the past months, several firms including VanEck and 21Shares filed for a spot Solana ETF with the SEC.
The regulatory body stated that it would not be approving any ETP products during the current regime. On the other hand, with an approaching administration and leadership change circumstances can be expected to change as well.
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