First-Ever Solana Futures ETF Launching in Markets This Week

First Solana Futures ETFs Set to Launch, Boosting Odds for a Spot Approval

Two exchange-traded funds (ETFs) tracking Solana (SOL) futures are set to debut on Thursday, marking a significant step toward broader institutional adoption of the cryptocurrency.

According to a U.S. Securities and Exchange Commission (SEC) filing, Volatility Shares LLC will introduce:

• Volatility Shares Solana ETF (SOLZ): A standard futures-tracking ETF.
• Volatility Shares 2X Solana ETF (SOLT): A leveraged product offering twice the exposure.

SOLZ will carry a 0.95% management fee, while SOLT will have a 1.85% fee, according to the filing.

This launch represents the first-ever Solana futures ETFs, providing investors with indirect exposure to SOL, the sixth-largest cryptocurrency, which currently holds a $66.5 billion market cap. The token has risen 6% in the past 24 hours, mirroring gains in the broader crypto market.

Paving the Way for a Spot Solana ETF?

The arrival of these futures-based ETFs could lay the foundation for a spot Solana ETF, which would hold the token directly. The SEC has previously indicated that a well-established futures market is a key factor in approving spot cryptocurrency ETFs.

Following last year’s successful introduction of spot Bitcoin (BTC) and Ethereum (ETH) ETFs, firms such as Grayscale, Franklin Templeton, and VanEck have filed applications for spot Solana ETFs, though they remain under SEC review.

Bloomberg Intelligence ETF analysts estimate a 75% likelihood of approval by year-end. However, a decision may not come until Paul Atkins, President Donald Trump’s nominee for SEC chair, is confirmed by the Senate. As of now, no confirmation hearing has been scheduled.