Two funds (ETF) have exchanged funds tracking futures in Solana (SOL) will come to the market on Thursday.
According to a File In the Securities and Exchange Commission (SEC), Volatility Shares LLC launches two ETFs, sharing volatility of Solana ETF (Solz) to monitor Solana Futures and volatility shares 2X Solana ETF (Solt), which offers leveraged exposure.
Solz will have a management fee of 0.95% while entrepreneurs will be charged 1.85% for Solt, according to the filing.
Products are the initial tracking of futures in Solana, which in a market cap of $ 66.5 billion is the sixth largest cryptocurrency on the market. The token reached 6% in the past 24 hours, in accordance with the broader crypto market.
Launching these funds can be significant in approved of a Solana ETF area, which directly holds the token. The SEC has stated in the past that in order to approve a place product, they want to see an established futures market for ownership.
After the launch of the Bitcoin (BTC) and ETH (ETH) ETF spot last year, those who provided were looking to bring additional crypto -related products to the market.
Many issues, including Grayscale, Franklin Templeton and Vaneck, have filed paperwork to launch an area Solana ETF, which is not yet reviewed by Sec. Bloomberg Intelligence ETF Analyst believes there is a 75% opportunity to approve those funds by the end of this year.
However, a decision is unlikely to be made in front of Paul Atkins, appointed by President Donald Trump to serve as the SEC chairman, has been confirmed by the Senate. There is currently no scheduled hearing for the Atkins.
