Volatility Shares has announced the launch of the first Solana futures exchange-traded funds (ETFs) in the United States, providing investors an easier access to one of the largest cryptocurrencies.
What Are Solana ETFs?
An ETF is a financial product that tracks the price of an asset or a basket of assets, allowing investors to gain exposure without directly owning the asset. In this case, Volatility Shares Solana ETFs will track Solana futures, giving investors a simple way to invest in the future price movements of the cryptocurrency.
Key Features of the Solana ETFs
The SOLZ ETF will track Solana futures with a management fee of 0.95%, increasing to 1.15% by 2026. The SOLT ETF offers 2x leveraged exposure to Solana futures, granting investors double the return (or loss) of Solana’s price movements. Both funds are designed to provide Solana access without complications related to wallet management and technical aspects.
A Step Toward a Spot Solana ETF
The launch of Solana futures ETFs is seen as a strategic move towards the approval of a spot Solana ETF by the U.S. Securities and Exchange Commission (SEC). Historically, the SEC has been cautious about spot products, but the approval of futures-based ETFs for Bitcoin and Ethereum suggests a possible change in their approach.
By launching Solana futures ETFs, Volatility Shares highlights the growing interest in cryptocurrencies and the drive to make them more accessible to traditional investors. This could pave the way for future approvals of spot products.
