The primary Solana exchange-traded fund, or ETF, will launch within the US tomorrow, in line with one agency’s efficient registration assertion. Florida-based Volatility Shares LLC is launching a pair of funds monitoring Solana futures on Thursday, The Volatility Shares Solana ETF (ticker SOLZ) will monitor Solana futures. In the meantime, the Volatility Shares 2X Solana ETF (SOLT) will provide twice the leveraged publicity.
JUST IN: 🇺🇸 First Solana ETFs to launch within the US tomorrow.
— Watcher.Guru (@WatcherGuru) March 19, 2025
Volatility Shares submitted their paperwork for his or her Solana SOL ETF again in December 2024. Whereas different main companies like Grayscale and BlackRock nonetheless await approval to launch, Volatility can have the primary Solana token ETF of its variety within the US. “Our launch comes at a time of renewed optimism for cryptocurrency innovation within the US,” stated Justin Younger, the chief govt officer of Volatility Shares. “We imagine the Trump administration acknowledges the strategic significance of sustaining American management in monetary expertise.”
Spot Solana SOL ETFs Subsequent?
Whereas Solana ETFs holding the coin straight aren’t at the moment out there, specialists view the Volatility Shares ETF as an indication {that a} spot fund for the SOL cryptocurrency is coming. Bitcoin and Ethereum (ETH) had related paths earlier than their crypto ETFs have been permitted in 2024. Moreover, ETF professional at Bloomberg Eric Balchunas predicts Solana SOL will comply with that path.
“It’s the primary altcoin after Ether to be permitted. However historical past has proven that ETF buyers crave holding the bodily asset as a lot as attainable,” Balchunas says. “It may have some points when spot is permitted.” Balchunas additionally predicts that there’s a 75% probability the primary spot Solana SOL ETF might be permitted earlier than the tip of 2025.
Spot Bitcoin ETFs have amassed $92 billion since their debut in January 2024. That is far increased than Ethereum’s $6 billion, nevertheless, SOL may assist each of its predecessor ETFs get again on the suitable path. Solana SOL is up 6% already within the final 24 hours following the information. At press time, SOL sits at $131.24 however may surge past $150 within the coming days if the primary SOL ETF performs effectively.
