Volatility Shares has filed an application for three new ETFs that would invest in Solana futures contracts on CFTC-regulated exchanges. These ETFs would offer 1x, 2x, and -1x leverage options. Solana futures products are not yet available on the market.
The filing has sparked curiosity and speculation within the crypto community. Bloomberg ETF analyst Eric Balchunas described the move as “wild.” He suggested that it is a positive sign for the eventual approval of Solana futures. Nate Geraci the president of ETF Store. He speculated that the filing shows a shift in regulatory power dynamics between the CFTC and the SEC, according to The Block.
As of now, Solana (SOL) has had a 5-6% boost in value, trading around $192. This contributes to a total cryptocurrency market capitalization rebound of nearly $50 billion, approaching $3.5 trillion according to data from Tradingview.
Some industry experts believe that Solana is the next digital asset to win approval for a spot asset ETF. Others are hopeful for XRP or other digital assets. Volatility Shares has earlier launched leveraged bitcoin and ether futures ETFs. This action led the way for other asset managers to follow suit.
The new filing is part of a broader trend of traditional institutional traders showing growing enthusiasm for digital assets. The crypto market continues to evolve. The outcome of this filing will have significant implications for the future of digital asset regulation. As the crypto market continues to evolve, the outcome of this filing have significant implications for the future of digital asset regulation and investment.
