Volatility Shares LLC, a Florida-based funding agency, is ready to introduce the first-ever Solana futures ETFs in the USA. These new monetary merchandise will present buyers with publicity to Solana, the sixth-largest cryptocurrency by market capitalization, which is valued at roughly $67 billion.
The launch follows the success of Bitcoin futures ETFs, which have gained substantial investor curiosity. In accordance with the corporate’s registration assertion, buying and selling for the brand new ETFs will start on Thursday.
Volatility Shares Introduce Solana Futures ETFs
Volatility Shares LLC is preparing to launch two new Solana futures ETFs, marking the primary time such merchandise can be accessible on Wall Road. These ETFs will permit institutional and retail buyers to achieve publicity to Solana with out instantly holding the cryptocurrency. The agency first submitted regulatory filings with the U.S. Securities and Trade Fee (SEC) in December, signaling its intent to enter the increasing marketplace for crypto-based monetary merchandise.
The 2 ETFs will commerce beneath the tickers SOLZ and SOLT. The usual Solana ETF (SOLZ) will observe Solana futures, whereas the leveraged Solana ETF (SOLT) will provide twice the publicity to Solana’s value actions. The introduction of those funds displays rising institutional curiosity in cryptocurrency-based investments.
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Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to varied media shops on cryptocurrency traits and applied sciences. With over 4000 printed articles throughout numerous media shops, he goals to tell, educate and introduce extra folks to the Blockchain and DeFi world. Outdoors of his journalism profession, Ronny enjoys the joys of motorcycle driving, exploring new trails and landscapes.
Disclaimer: The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
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