Is the Solana Futures ETF About to Launch? Volatility Shares Submits Application to SEC

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Asset management company Volatility Shares has submitted an application for a Solana futures exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This application follows several previous applications for spot Solana ETFs submitted by other asset management firms.

Basic Information on Solana Futures ETF

The Solana Futures ETF will allow investors to track the price fluctuations of Solana (SOL) through futures contracts without directly holding SOL assets. Volatility Shares plans to launch three products with different leverage ratios: 1x, 2x, and -1x leverage.

1x Leverage: Directly tracks the price of Solana futures.

2x Leverage: Amplifies Solana price fluctuations, providing 2x leverage exposure.

-1x Leverage: Inverse ETF that profits when the price of Solana futures declines.

Impact on Spot Solana ETF

Volatility Shares' futures ETF application may increase the chances of approval for the spot Solana ETF. Nate Geraci, president of ETF Store, believes that this application positively influences the future approval of Solana spot ETFs. Bloomberg ETF expert Eric Balchunas also stated that this is a significant advancement in the cryptocurrency space, indicating that the approval of the spot Solana ETF may be imminent.

As of the publication of this article, the price of Solana (SOL) is approximately $195, having risen 5.5% over the past 24 hours.

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