First-Ever Solana Futures ETFs Launch on Nasdaq Today
Volatility Shares debuts two ETFs offering futures-based exposure to Solana, marking a milestone for crypto investment products in the U.S.
- Volatility Shares is introducing the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT), with both funds listed on Nasdaq.
- These ETFs provide exposure to Solana through futures contracts, with SOLZ tracking futures and SOLT offering leveraged exposure.
- The launch follows the recent debut of Solana futures on the Chicago Mercantile Exchange, which saw $12.3 million in trading volume on its first day.
- The introduction of these ETFs is viewed as a potential step toward SEC approval of spot Solana ETFs, though no immediate decision is expected.
- Solana’s price has risen by 5-6% in anticipation of the ETFs, reflecting growing institutional interest and broader market trends.