Two Solana futures exchange-traded funds (ETFs) have been launched almost simultaneously in the past day, as in the wake of a leadership change at the SEC and the reelection of Donald Trump as president, asset managers and ETF firms have submitted numerous applications to the SEC for ETF approvals.
Futures contracts allow investors to speculate on price movements without holding the underlying asset and are a way to hedge against risk.
Florida-based Volatility Shares announced it is set to launch two Solana EFTs today, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
According to a filing with the Securities and Exchange Commission (SEC), SOLZ will have a management fee of 0.95% until June 30, 2026, when it is scheduled to increase to 1.15%. The 2X Solana ETF will provide investors with double the leverage and will carry a management fee of 1.85%.
These filings mark the first Solana-based ETFs in the United States and come on the heels of the Chicago Mercantile Exchange (CME) Group’s recent introduction of SOL futures contracts.
In the wake of a leadership change at the SEC and the reelection of Donald Trump as president, asset managers and ETF firms have submitted numerous applications to the SEC for ETF approvals.
Meawnhile, the CME Group has introduced the first new Solana (SOL) futures, available for trading in micro-sized contracts (25 SOL) and larger contracts (500 SOL). The first trade, a block transaction, was executed on March 16 between FalconX and StoneX.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, noted early support for the futures contracts and highlighted their role in providing investors with tools for cryptocurrency investment and hedging strategies, with Josh Barkhordar, Head of US Sales at FalconX, called the launch a significant development for the Solana ecosystem, enabling institutional investors to manage risk in a regulated environment.
“The addition of SOL and Micro SOL futures to our regulated cryptocurrency suite will provide investors with the capital-efficient tools they need to support their growing cryptocurrency investment and hedging strategies,” Vicioso noted.
Vincent Angelico, Head of Clearing and Execution Services for StoneX Group, commented on the growing institutional demand for cryptocurrency access, stating that adapting to this demand is crucial for success.
CME Group’s Solana futures are cash-settled and based on the CME CF Solana-Dollar Reference Rate, which is calculated daily at 4:00 p.m. London time.
Shogun Lin
