Solana Futures ETFs Begin Trading in US, Expanding Crypto Investment Options
1min read On Thursday, March 20, 2025, the first Solana futures exchange-traded funds (ETFs) will begin trading in the United States. This development marks a significant milestone in the cryptocurrency market, as it represents the first time that Solana futures ETFs will be available to investors in the country. The two ETFs, managed by Volatility Shares, a Florida-based asset manager, will track Solana futures and offer both standard and leveraged exposure.
The Volatility Shares Solana ETF, with the ticker symbol SOLZ, will track Solana futures and have an expense ratio of 0.95%. Meanwhile, the Volatility Shares 2X Solana ETF, with the ticker symbol SOLT, will offer leveraged exposure at 2x and carry an expense ratio of 1.85%. These ETFs provide investors with a new way to gain exposure to the Solana cryptocurrency without directly holding the asset.
Ask Aime: What are the risks and opportunities associated with investing in Volatility Shares' Solana ETFs?
The launch of these ETFs comes at a time when the U.S. market is experiencing renewed optimism, particularly with the pro-crypto administration led by President Donald Trump. This administration is seen as supportive of the cryptocurrency industry, which could help establish the U.S. as a global leader in digital asset investment. The introduction of Solana futures ETFs follows the approval of Bitcoin and Ethereum spot and futures ETFs, further diversifying the range of digital asset investment products available to U.S. investors.
The debut of these ETFs also coincides with the launch of XRP futures on Bitnomial, a crypto derivatives exchange regulated by the Commodity Futures Trading Commission. This move follows the SEC's decision to drop its appeal against Ripple, indicating a shift in regulatory approach towards digital assets. The launch of Solana futures ETFs is seen as a significant step towards bringing more digital asset investment products to the market, with experts believing that the SEC could soon approve spot funds for Solana.
However, analysts note that the success of these ETFs may be limited once spot funds receive approval. Investors are likely to favor spot ETFs over futures ETFs due to their direct exposure to the underlying asset. Despite this, the launch of Solana futures ETFs represents a significant development in the cryptocurrency market, providing investors with new opportunities to gain exposure to the Solana cryptocurrency.
