The U.S. is about to witness a major milestone in the crypto market as Solana exchange-traded funds (ETFs) tracking futures make their official debut.
According to Bloomberg, Volatility Shares, a Florida-based asset management firm, has secured approval to launch the first-ever Solana futures ETFs in the country. The funds are set to begin trading on Thursday, March 20, 2025.
This launch comes at a time when the U.S. Securities and Exchange Commission (SEC) is reviewing multiple applications for spot crypto ETFs, signaling a potential shift in regulatory stance.
Volatility Shares will introduce two ETFs: The Volatility Shares Solana ETF (Ticker: SOLZ) – This fund will track Solana futures and comes with an expense ratio of 0.95% and the Volatility Shares 2X Solana ETF (Ticker: SOLT) – A leveraged version offering 2x exposure to Solana futures, with an expense ratio of 1.85%.
These ETFs will provide investors with a way to gain exposure to Solana without directly holding the asset, a strategy that could appeal to institutions and traders looking for more regulated options.
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The launch of Solana futures ETFs isn’t the only big development in the crypto derivatives space. Bitnomial, a Commodity Futures Trading Commission (CFTC)-regulated crypto exchange, has announced that XRP futures will go live on the same day—March 20, 2025.
This marks the first-ever XRP futures contract in the U.S., following the SEC’s recent decision to drop its appeal against Ripple, the company behind XRP. The move could be another indicator that the regulatory landscape for digital assets is evolving.
Volatility Shares first filed for the SOLZ and SOLT ETFs in December 2024, and their approval aligns with a broader shift in sentiment within the U.S. crypto market.
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According to Justin Young, CEO of Volatility Shares, the timing of these ETF launches coincides with renewed optimism in the industry. He credits a more pro-crypto stance under President Donald Trump’s administration, which many believe could position the U.S. as the world’s leading hub for digital asset investment.
Currently, the U.S. already has Bitcoin and Ethereum futures and spot ETFs, and analysts believe Solana could be the next cryptocurrency to receive approval for spot ETFs.
Eric Balchunas, a senior ETF analyst at Bloomberg, suggests that the approval of Solana futures ETFs could pave the way for spot Solana ETFs in the near future. However, he notes that once spot ETFs are approved, investor interest in futures-based products may decline.
Despite this, the launch of SOLZ and SOLT marks a significant step toward mainstream adoption of Solana as an investable asset.
The introduction of Solana futures ETFs and XRP futures contracts highlights the growing integration of crypto into traditional financial markets. With regulatory attitudes appearing to soften and institutional demand rising, the crypto ETF market is poised for even greater expansion.
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