According to WuSay, Nate Geraci, president of The ETF Store, tweeted that Volatility Shares has submitted an ETF application based on Solana futures to the U.S. Securities and Exchange Commission.

The application covers 1x, 2x, and -1x leverage exposures, and Solana futures contracts will only be traded on exchanges registered with the Commodity Futures Trading Commission. Previously, Volatility Shares actively promoted the approval of the Ethereum futures ETF.