- DTCC lists the first set of Solana futures ETFs
- Volatility Shares 2x Solana ETF (SOLT)
- Volatility Shares Solana ETF (SOLZ)
- This doesn’t mean automatic SEC approval, but it is a significant step
Depository Trust and Clearing Corporation listed the first Solana-based futures products, Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ). While Volatility Shares -1x Solana ETF has not been listed, and it doesn’t mean automatic SEC approval for any of them, is still an important step toward it.
More About the First Solana Futures ETFs
Recall that Solana spot ETFs have already started making noise with filings from leading players like Grayscale, VanEck, Bitwise, and 21Shares.
However, we have yet to see ETFs that offer solutions beyond spot, with the only exception being the staking approval application for Ethereum by Cboe BZX.
Now, we are seeing a move into futures ETFs, and not as perhaps we should have expected with Bitcoin or even Ethereum, but immediately Solana. Namely, three ETFs from Volatility Shares on Solana futures contracts with leverage options of 1x, 2x, and -1x.
It’s worth noting that this is a listing on the Depository Trust and Clearing Corporation (DTCC), an SEC-registered securities clearing corporation that is a provider of post-trade clearance, settlement, custody, and information services.
This does not mean an application to the SEC and does not guarantee automatic approval from the SEC, which is a separate process, but the fact that DTCC listed Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ) is an important step toward that.
That said, the Volatility Shares -1x Solana ETF has not been listed, but the company is still working on getting that approved.
Conclusion
The development of ETFs is expected to evolve not only in asset selection, especially given the applications for XRP ETFs, ADA ETFs, and others, but also in terms of the investment instruments offered.
Although not yet approved, the vector towards the development of Solana Futures ETFs is another sign of this, and we will see how consistently and rapidly this will continue. Be aware and stay tuned for updates on the rapidly evolving regulations and crypto landscape.
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