Volatility Shares, an asset management company, has applied to the SEC to list a Solana futures ETF. This move follows other asset managers' attempts to launch a spot Solana ETF earlier this year. The futures ETF would provide exposure to the price movements of a cryptocurrency futures contract. Volatility Shares plans to offer products with 1x, 2x, and -1x leverage types. The 1x exposure tracks Solana futures price with no leverage, while the 2x exposure amplifies price movement. The -1x leverage offers inverse exposure. This application could impact SOL spot ETFs, given the company's role in Ether futures ETF approval. The filing specifies that Solana futures contracts must trade on a CFTC-registered exchange. Experts like Eric Balchunas view this development positively, suggesting it could enhance the chances of a successful spot SOL ETF application. SOL's price currently stands at $195, showing a 5.5% increase in the past 24 hours and nearly 6% in the past week. Read more AI-generated news on: https://app.chaingpt.org/news

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