Volatility Shares has announced the launch of the first-ever Solana futures ETFs in the U.S., simplifying access to the cryptocurrency for investors.
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 to them without owning the asset directly. The Volatility Shares Solana ETF will track Solana futures, offering investors an easy way to invest in future price movements of Solana. Futures contracts are agreements to buy or sell an asset at a predetermined price at a future date. These ETFs, SOLZ and SOLT, mark the first Solana-based ETFs in the U.S., launching after the Chicago Mercantile Exchange began offering Solana futures.
Key Features of the Solana ETFs
The SOLZ ETF will track Solana futures with a management fee of 0.95%, increasing slightly to 1.15% in 2026. The SOLT ETF offers 2x leveraged exposure to Solana futures, meaning it gives investors twice the return (or loss) of the movements in Solana’s price. The management fee for SOLT is 1.85%. Both funds are designed to make Solana more accessible to investors who want to avoid the complexities of wallet management and custody. According to the company's CEO, Justin Young, these ETFs aim to break down barriers for traditional investors.
A Step Toward a Spot Solana ETF
The launch of Solana futures ETFs is seen as a crucial step toward the approval of a spot Solana ETF by the U.S. Securities and Exchange Commission (SEC). A spot ETF would directly hold Solana tokens, while the futures ETFs only track the price movements of Solana futures contracts. The SEC has previously shown caution towards approving spot cryptocurrency ETFs but has been more open to futures-based ETFs.
The introduction of Solana futures ETFs significantly simplifies cryptocurrency investment access, paving the way for a potential spot ETF in the future.
