Sharing volatility launches two Solana (Sol) Futures Exchange-Traded Funds (ETF), Volatility shares Solana ETF (Solz) and volatility shares 2X Solana ETF (SOLT), on March 20.
According to the Securities and Exchange Commission FileSolz will feature a management fee by 0.95% to June 30, 2026, when the management fee increases to 1.15%.
Volatility Shares’ 2x Solana ETF gives investors twice in action and will feature a 1.85% management fee.
The volatility shares the filing of Solana ETF Sec. Source: Sec
Filies represent the first ETFs based in Solana in the US and follow the Chicago Mercantile Exchange (CME) Group’s Debut of Contracts with Sol Futures.
Following a CHANGE OF SEC Leadership And the Reelection by Donald Trump As president of the United States, asset managers and ETF companies have submitted a flow of ETF applications to the SEC for approved.
Related: Solana’s 5th birthday: From pandemic origins to us crypto stockpile
The CME Group has sorted Sol Futures
Sol Futures lived live on March 17 with a The trading volume of approximately $ 12.1 million On the first day.
For context, Bitcoin (Btc) Futures have been dedicated to over $ 102 million in volume on the first day of trading, and ether (Eth) Futures earned more than $ 30 million on the day they launched.
Despite the relatively low volume, Sol Futures contracts can help boost cryptocurrency demand from institutional investors and encourage price discovery.
Sol futures volume and open interest. Source: Chicago Mercantile Exchange
The launch of Sol Futures signed the approval of Sol ETFs In the United States as financial regulators embrace digital assets amid a policy policy.
According to Chris Chung, founder of Titan-a Solana-based platform-CME futures indicate that Sol is a mature property capable of attracting institutional interest.
Chung added that the launch of Sol Futures and ETFS position Solana as a blockchain network prepared for real-world use cases such as payments, not just a Memecoin Casino.
ETFs also allow the investor’s capital to flow into the Sol, creating a prolonged rally in Altcoin that competitors who lack an ETF can miss.
The launch of the Bitcoin ETFS in 2024 is widely believed to have wiped the institutional capital away from the rest of the crypto market, prevents the capital of BTC from altcoins and irritating altseason.
Magazine: Memecoins are ded – but solana ‘100x better’ in spite of income plunge
