The first-ever U.S-based Solana futures ETFs are set to begin trading, marking a milestone for potential spot Solana ETFs in the country.
Florida-based asset manager Volatility Shares LLC is launching two ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), tracking Solana futures contracts.
The launch of these futures-based ETFs could be a stepping stone towards obtaining spot Solana ETFs, which would enable direct exposure to the altcoin.
Multiple asset managers have filed with the SEC to launch spot Solana ETFs, with analysts estimating a 70% chance of approval by the end of the year.