For the first time, exchange-traded funds that track Solana futures will officially debut in the United States on Thursday, March 20, 2025, as reported.
The announcement reveals that Florida-based Volatility Shares has received the green light to launch the Solana (SOL) futures ETFs. This launch occurs amidst a surge of applications for spot ETFs currently under consideration by the U.S. Securities and Exchange Commission.
The Volatility Shares Solana ETF, identified by the ticker SOLZ, will focus on tracking Solana futures and will feature an expense ratio of 0.95%.
In addition, the company will introduce another fund, the Volatility Shares 2X Solana ETF, under the ticker SOLT, which will provide leveraged exposure at 2x and have an expense ratio of 1.85%.
The introduction of these two Solana futures ETFs coincides with Bitnomial’s announcement that it will launch XRP (XRP) futures on March 20, 2025. This marks the first XRP futures contract available in the U.S., following the SEC’s decision to withdraw its appeal against Ripple.
Volatility Shares initially submitted their application for the listing and trading of SOLZ and SOLT in December 2024.
As stated by Justin Young, the firm’s CEO, the rollout of these two products comes at a favorable moment, as the U.S. market is experiencing a resurgence of optimism. This sentiment is fueled by President Donald Trump’s pro-crypto administration, which many in the industry believe will bolster the U.S. position as a leading hub for cryptocurrency.
The U.S. already has a selection of Bitcoin (BTC) and Ethereum (ETH) spot and futures ETFs available.
Nevertheless, experts assert that this change in regulatory stance represents merely the initial step toward expanding the range of digital asset investment products in the marketplace.
According to Eric Balchunas, a senior ETF analyst, the introduction of Solana futures ETFs suggests that the SEC may be poised to approve spot funds for SOL in the near future.
However, Balchunas cautions that while investors may prefer the spot ETF, the Volatility Shares offerings could face challenges if spot funds gain approval.