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Volatility Shares LLC is now offering Wall Street investors a Solana Futures Exchange Traded Fund (ETF).
This fund, the first in the United States, is designed to service institutional and retail investors.
Volatility Shares designed this product for investors interested in adopting crypto but are concerned about the associated risks.
Senior Bloomberg ETF Analyst Eric Balchunas took to X to share the news of the incoming launch.
Solana Futures ETF, Dubbed BITO and BITX
The Florida-based investment firm is launching the two Solana Futures ETF, which will trade under the SOLZ and SOLT tickers.
The firm first filed its proposal with the US Securities and Exchange Commission (SEC) in December.
However, the regulator has not yet decided on the filing. By offering these funds, Volatility Shares has joined the companies trying to cater to the growing demand for crypto solutions amongst institutional investors.
As the standard Solana ETF (SOLZ) tracks Solana futures, the leveraged Solana ETF (SOLT) will provide twice the exposure to Solana’s price movements.
Also, SOLZ and SOLT will carry expense ratios of 0.95% and 1.85%, respectively.
Justin Young, the CEO of Volatility Shares, acknowledged that the launch coincides with a season of optimism for cryptocurrency innovation in the US, adding,
“We believe the Trump administration recognizes the strategic importance of maintaining American leadership in financial technology.”
On one hand, Volatility’s move suggests that investors are interested in exploring other cryptocurrencies apart from Bitcoin and Ethereum.
The focus on investment diversification is becoming glaring daily.
Coinbase Expands to Solana Futures Product
American cryptocurrency exchange Coinbase had filed a proposal similar to Volatility Shares’ with the Commodity Futures Trading Commission (CFTC).
The firm requested to launch Solana Futures to expand the availability of cryptocurrency derivatives in the United States.
According to the schedule, this offering debuted on February 18, 2025. The Solana Futures product is a USD-denominated contract based on a specific index.
Each contract is equivalent to 100 SOL tokens, which are currently valued at $13,237.
Like Volatility Shares’ Solana Futures ETF, Coinbase’s product is well-suited for institutional and retailer customers who want to trade Solana without actually owning the asset.
To ensure that investors are well aware of the potential risks involved, Coinbase Derivatives clearly laid down the risk management measures.
These include price risk control, position limits, 3,500 contracts, and daily settlement mechanisms that help prevent the market from becoming unstable.
SOL Price Reacts To Upcoming Futures ETF Launch
In the wake of this news SOL price had surged 7.06% and was trading at $132.68.
Its trading volume had reached $3.24 billion following a 27.16% increase in the last 24 hours.
This sudden positive sentiment comes only a few days after analysts and market experts spotted SOL displaying a cup-and-handle pattern.
At the time of writing, however, Solana had lost some value by 0.69% and was trading at $126.36. Its trading volume saw over 37% decrease.
Since then, investors have been looking forward to a bullish outcome for the coin. They expect SOL to break out and reach a very promising level of $3,800.
Analysts have predicted that Solana’s price might breach the resistance at $140 in the short term, potentially signaling a run-up to $178.
The renewed interest from Wall Street investors can catalyze for Solana to chart this growth trend.
