Volatility Shares to List U.S. Solana Futures ETFs on Thursday
Volatility Shares, a Florida-based exchange-traded fund (ETF) issuer, has confirmed that two new Solana futures ETFs will debut on the Nasdaq this Thursday.
The new ETFs are:
- Solana ETF (SOLZ) – Tracks Solana futures prices.
- 2x Solana ETF (SOLT) – Offers leveraged exposure to Solana futures.
A Milestone for Solana’s Institutional Adoption
The SEC’s approval of futures-based Solana ETFs signals that regulators view SOL as a commodity, aligning it with Bitcoin and Ethereum. This development increases the likelihood of a future spot Solana ETF approval.
Volatility Shares, which previously launched Bitcoin and Ethereum leveraged ETFs, said the Solana futures funds will be available to U.S. investors, providing a regulated way to gain exposure to SOL’s price movements.
Market Impact and Solana’s Price Movement
Following the ETF announcement, Solana’s price surged 5% to $130, though it remains 27% below last month’s highs due to broader market volatility.
Solana futures trading on CME began this week, but volumes were significantly lower than Bitcoin and Ethereum futures, reflecting a cautious investor sentiment. The success of SOL futures ETFs could play a key role in determining future institutional adoption.
