Volatility Shares launches two Solana futures ETFs

Volatility Shares will launch two Solana futures ETF funds (SOL), including Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2X Solana ETF (SOLT), on March 20.

According to the filing submitted to the (SEC), SOLZ will have a management fee of 0.95% until June 30, 2026, after which it will increase to 1.15%. Meanwhile, SOLT – the double-leveraged ETF – will have a management fee of 1.85%.

These are the first ETF funds based on Solana in the United States, launched after the Chicago Mercantile Exchange (CME) introduced SOL futures contracts.

After the leadership of the SEC changed and President Donald Trump was re-elected, many asset management companies and ETF funds have collectively filed for approval from the SEC.

CME Group launches SOL futures contract

The SOL futures contract began trading on March 17 with a volume of approximately 12.1 million USD on the first day.

Compared to other assets, Bitcoin futures reached over 102 million USD on their first day of launch, while ETH futures recorded over 30 million USD.

Although the initial trading volume is still modest, SOL futures could help drive demand from institutional investors and support the price discovery process.

The launch of SOL futures is seen as a positive signal for the approval of SOL ETFs in the United States, as financial regulators are becoming more open to digital assets.

The trading volume of SOL futures and open contracts | Source: CMEAccording to Chris Chung, the founder of Titan – a swap platform based on Solana, the launch of SOL futures by CME indicates that this asset has matured and is attractive enough for institutional investors.

Chung believes that Solana's futures contracts and ETFs will position the network as a practical blockchain platform for payments, rather than just a "memecoin casino."

ETFs can also help direct investment capital into SOL, driving sustainable price increases for this altcoin, something that competitors without ETFs may miss.

Previously, the launch of the Bitcoin ETF in 2024 has caused institutional capital to primarily focus on BTC, rather than rotating into altcoins, disrupting the "altseason" cycle.

View the price of SOL here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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