Volatility Shares LLC is challenging the market with the launch of the first Solana futures ETFs, advancing the sixth-largest cryptocurrency to investors.
Groundbreaking Step for Solana
The November debut of Volatility Shares on Solana futures ETFs marks a significant milestone for the cryptocurrency market. Solana became the first altcoin post-Ether to receive approval for such products, emphasizing confidence in its growth potential.
Details of the New ETFs
Volatility Shares launched two products: the Volatility Shares Solana ETF and Volatility Shares 2X Solana ETF with the tickers SOLZ and SOLT. These funds offer access to Solana futures with varying degrees of leverage. Approval from the SEC was secured after filing in December last year. SOLZ will have an expense ratio of 0.95%, while SOLT’s is 1.85%.
Market and Prospects
The appearance of Solana futures ETFs comes amid increased demand for crypto products despite market volatility. Efforts to gain SEC approval for spot products continue, with potential approval this year. Interest in Solana is supported by its low transaction fees and institutional attention.
The launch of Solana futures ETFs by Volatility Shares highlights the effort to attract investors even in market uncertainty and expands the range of investment opportunities in cryptocurrency.
