š„ Is Solana Futures ETF Coming? Volatility Shares Submits Application To SEC :
Asset management company Volatility Shares has submitted with the United States Securities and Exchange Commission (SEC) an application to list a Solana futures exchange-traded fund (ETF). This strategic move comes after a host of asset managers applied to launch a spot Solana ETF earlier this year.
Will Volatility Shares Increase Odds Of Spot ETF Approval?
In a December 27 post on the X platform, ETF Store president Nate Geraci revealed that Volatility Shares has filed for a futures-based Solana ETF with the US SEC. A futures exchange-traded fund provides publicly traded securities that offer exposure to the price movements of a cryptocurrency futures contract (SOL futures contract, in this scenario).
The SOL futures ETF with 1x exposure will track the Solana futures price with no leverage, while funds with 2x exposure will provide leveraged exposure and amplify the price movement by 2x. Meanwhile, Solana ETFs with -1x leverage provide inverse exposure, meaning they gain value when the futures contracts decline.
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