Volatility Shares Files Futures Solana ETF, Will It Clear Path for Spot ETF?

Volatility Shares has submitted a proposal to the U.S. Securities and Change Fee (SEC) for launching futures-based Solana ETFs. The submitting consists of merchandise with 1x, 2x leveraged, and -1x inverse publicity to Solana futures. Thus, it can enable merchants to profit from each – upward and downward SOL worth actions.

Volatility Shares Futures Solana ETF Come With Leverage Choices

Volatility Shares filed a futures Solana ETF with the SEC providing leveraged choices permitting merchants to wager on swing actions for SOL worth in both route. Principally, this futures ETF will enable buyers publicity to Solana’s efficiency by futures contracts. The fund focuses on futures contracts traded completely on Commodity Futures Buying and selling Fee (CFTC) registered exchanges.

The ETF will mirror 100% of SOL returns by primarily investing in near-term and next-term Solana futures contracts. Furthermore, to help this funding, the fund maintains collateral within the type of money, money equivalents, and high-quality securities. Thus, the futures ETF will present buyers with a structured method and a regulated technique to acquire publicity to SOL worth actions. It can additionally keep acceptable collateral to again its future place.

This isn’t the primary time Volatility Shares is planning to launch a future crypto ETF. Beforehand, the agency performed a big function in pushing ahead the Ether futures ETFs.

Clearing Path for Spot SOL ETF?

Eric Balchunas, Bloomberg’s senior ETF analyst, has weighed in on the current submitting for Solana (SOL) futures-based ETFs by Volatility Shares, calling it a “wild” transfer. Balchunas identified the weird timing, as Solana futures will not be but stay, and famous the inclusion of a leveraged 2x product as notably daring. “That is hardcore,” Balchunas remarked.

Balchunas additional said that the ETF submitting marks the approaching launch of Solana futures and that this growth might enhance the percentages of spot Solana ETF approval sooner or later. Nonetheless, earlier this month, Balchunas had predicted that Litecoin and HBAR ETFs would get approval even earlier than Solana ETFs hit the market.

As of press time, the Solana price is buying and selling down 2.87% at $184. Since mid-November, SOL has been transferring sideways with different gamers like BNB Coin and XRP overtaking it within the crypto ranks. Market analysts predict a Solana price surge to $1,000 within the case if the US SEC provides a inexperienced mild for spot ETF.