Solana Futures ETFs Set to Launch in the U.S.
On March 20, 2025, solana futures ETFs will debut in the United States. Volatility Shares, a Florida-based asset manager, has received approval for this launch. The move comes as the U.S. Securities and Exchange Commission (SEC) reviews several spot ETF applications.
The Volatility Shares Solana ETF, with ticker SOLZ, will track Solana futures. It has an expense ratio of 0.95%. the firmS other fund, the Volatility Shares 2X Solana ETF (ticker SOLT), offers 2x leveraged exposure with a 1.85% expense ratio.
Meanwhile, Bitnomial, a crypto derivatives exchange, will launch XRP futures on the same day. This will be the first XRP futures contract in the U.S., following the SEC’s decision to drop its appeal against Ripple.
Volatility Shares first filed for SOLZ and SOLT with the SEC in December 2024. CEO Justin Young believes the launch coincides with renewed optimism in the U.S. market, thanks to a pro-crypto management.
The U.S. already has Bitcoin and Ethereum spot and futures ETFs. Experts think this regulatory shift could lead to more digital asset investment products. Bloomberg’s Eric Balchunas suggests that the SEC might soon approve spot funds for Solana. However, he warns that the Volatility Shares funds could face challenges if spot ETFs are approved.
