The Depository Trust & Clearing Corporation (DTCC) has officially listed the first Solana futures ETFs from Volatility Shares, marking a major step toward institutional adoption of crypto investment products.
Entry of Solana ETFs to the Market
Two ETFs from Volatility Shares entered the market: SOLT as the Volatility Shares 2x Solana ETF and SOLZ as the Volatility Shares Solana ETF. The initial SEC filing was submitted in December 2024, but market doubts emerged due to the lack of a regulated Solana futures market.
Regulation and Futures Market
The introduction of CFTC-regulated Solana futures contracts by Coinbase Derivatives LLC solved the regulatory concerns that prevented the launch of these products. DTCC’s listing streamlines clearing and settlement but does not receive formal SEC approval.
Market Impact and Potential Future
The increasing institutional focus on Solana demonstrates that a spot Solana ETF could become possible in the future. The product filing process for a Solana ETF has been initiated by multiple firms including VanEck, 21Shares, Bitwise, and Canary Capital. A CME Group website mistake revealed that Solana and XRP futures could launch in February, but CME Group denied this information, claiming it was a website error.
Volatility Shares' Solana futures ETFs emphasize the growing institutional interest in the platform. This event might catalyze further adoption of Solana technologies.
