Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list.
Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list. These funds, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT), mark the first Solana-based products to be added to the list. These ETFs are designed to offer investors exposure to Solana futures contracts, which are now available through exchanges regulated by the Commodity Futures Trading Commission (CFTC).
While the funds’ listing on the DTCC is a significant step, experts caution that it does not mean the ETFs are ready for trading. A similar situation occurred when VanEck's Ethereum ETF was listed on the DTCC in May 2024 and began trading on Cboe two months later. For the Volatility Shares funds, their listing indicates preparation for trading but doesn’t guarantee immediate market availability.
The launch of Solana futures contracts on Coinbase’s CFTC-regulated derivatives exchange earlier this month made these ETFs possible. Volatility Shares originally filed for three new Solana ETFs last year, which would provide 1x, 2x, and -1x leveraged exposure to Solana futures. However, the -1x leveraged ETF does not appear on the DTCC list.
This progress comes at a time when the U.S. Securities and Exchange Commission (SEC) has also acknowledged spot Solana ETF filings from issuers such as 21Shares, Bitwise, Canary, and VanEck, signaling growing momentum for Solana-based investment products. Bloomberg Senior ETF Analyst Eric Balchunas noted that Volatility’s filings bode well for the possibility of a spot Solana ETF approval, although a DTCC listing is just one step in the process.
Despite the progress in Solana’s ETF offerings, it’s important to remember that the launch of these ETFs is still in its early stages. Solana’s price is trading at $135.42, down 0.1% in the past 24 hours, indicating that its market performance remains somewhat volatile.
Solana is not the only altcoin seeing interest from investors. Other cryptocurrencies, including XRP, Litecoin, and Dogecoin, are also drawing attention from U.S. issuers working to launch exchange-traded products. These developments come as the regulatory environment around digital assets continues to evolve, allowing more financial products based on cryptocurrencies to enter the market.
The appearance of Solana ETFs on the DTCC list and the recent launch of Solana futures contracts on regulated exchanges suggest that these products could soon become more common. This reflects the ongoing changes in the crypto industry as it becomes more integrated into traditional financial markets, opening new opportunities for both institutional and retail investors.
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