Volatility Shares LLC has announced the launch of the first US-based Solana Futures ETF, targeting institutional and retail investors interested in cryptocurrencies.
Introduction of Solana Futures ETF
The Florida-based investment firm, Volatility Shares, is launching two Solana Futures ETFs under the tickers SOLZ and SOLT. These funds cater to the growing demand for crypto solutions among institutional investors. The standard Solana ETF (SOLZ) will track Solana futures, while the leveraged ETF (SOLT) will provide twice the exposure to Solana's price movements. They will carry expense ratios of 0.95% and 1.85% respectively.
Coinbase Expands to Solana Futures Product
The American cryptocurrency exchange, Coinbase, filed a proposal similar to Volatility Shares' with the Commodity Futures Trading Commission (CFTC) to launch Solana Futures and expand the availability of cryptocurrency derivatives in the US. This offering debuted on February 18, 2025. The Solana Futures product is a USD-denominated contract, with each contract equal to 100 SOL tokens. Like the Volatility Shares Solana Futures ETF, Coinbase's product is suited for trading Solana without owning the asset.
SOL Price Reaction to ETF Launch
Following the news of the ETF launch, SOL price surged by 7.06% to $132.68, and its trading volume increased by 27.16% to $3.24 billion. Analysts predict that Solana's price might breach the resistance level of $140 in the short term, indicating a potential run-up to $178.
The launch of Solana Futures ETFs by Volatility Shares and Coinbase's expansion into similar products highlights the growing interest in cryptocurrencies among institutional investors.
