Wu said that Nate Geraci, president of The ETF Store, tweeted that Volatility Shares submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Solana futures-based exchange-traded fund (ETF), covering 1x, 2x, and -1x leveraged exposure. Solana futures contracts are only traded on exchanges registered with the Commodity Futures Trading Commission. Previously, Volatility Shares has been active in promoting the approval of the Ethereum futures ETF.