Solana ETF set to debut in the U.S

Mar 19, 2025 at 5:53 PM UTC

Edited by Jayson Derrick

News

Solana exchange-traded funds tracking futures will officially launch in the United States for the first time on Thursday, March 20, 2025, Bloomberg has reported.

According to the Bloomberg report, Volatility Shares, a Florida-based asset manager, has approval to debut the Solana (SOL) futures ETFs. The launch comes amid a flurry of spot ETFs applications currently before the U.S. Securities and Exchange Commission. tracking futures.

The Volatility Shares Solana ETF, with ticker SOLZ, will track Solana futures and have an expense ratio of 0.95%.

Meanwhile, the firm’s other fund, the Volatility Shares 2X Solana ETF, with ticker SOLT, will offer leveraged exposure at 2x and carry an expense ratio of 1.85%.

Debut for the two Solana futures ETFs also comes as Bitnomial, a crypto derivatives exchange regulated by the Commodity Futures Trading Commission, announced its XRP (XRP) futures will go live on March 20, 2025. The exchange said this will be the first ever XRP futures contract in the U.S. Its launch follows the SEC’s dropping of its appeal against Ripple.

Florida-based Volatility Shares first filed for the listing and trading of SOLZ and SOLT with the SEC in December 2024.

According to Justin Young, the company’s chief executive officer, the launch of the two products arrives at a time when the U.S. market is enjoying renewed optimism. This comes as President Donald Trump leads a pro-crypto administration that industry players believe will help establish the U.S. as the crypto capital of the world.

The U.S. already boasts Bitcoin (BTC) and Ethereum (ETH) spot and futures ETFs.

However, experts believe the shift in regulatory approach is just the first step toward bringing more digital asset investment products to the market.

Solana ETFs offering futures exposure, according to Bloomberg’s senior ETF analyst Eric Balchunas, signal that the SEC could soon approve spot funds for SOL.

However, Balchunas notes that with investors likely to favor the spot ETF, the Volatility Shares funds could struggle once the spot funds receive approval.