Volatility Shares Seeks Approval for Solana Futures ETFs

Asset manager Volatility Shares has submitted an application to the SEC to launch ETFs investing in Solana (SOL) futures contracts.

According to the documents, the fund aims to use instruments “traded only on an exchange registered with the CFTC.” However, neither such a product nor a spot Solana ETF currently exists.

The Volatility Shares fund offers three leverage options: 1x, 2x, and -1x.

This is wild. Solana futures ETF filing bf Solana futures even exist! Oh and let’s do a 2x while we’re. Hard core.. and prob good sign Solana futures on way which arguable bodes well for spot odds. And this was supposed to be a quiet week! https://t.co/YiwauQfaji

— Eric Balchunas (@EricBalchunas) December 28, 2024

“This is incredible! […] a good sign that Solana futures [are on the way] and possibly bodes well for spot odds,” stated Bloomberg exchange analyst Eric Balchunas.

In the discussion, The ETF Store President Nate Geraci suggested that “the CFTC might win the power struggle with the SEC over digital asset regulation.”

On November 21, the Chicago Board Options Exchange published 19b-4 forms for four applications to launch spot Solana ETFs from VanEck, 21Shares, Canary, and Bitwise. A fifth application from Grayscale was submitted on December 3.

On December 5, the SEC notified at least two of the five issuers that it intends to reject their requests.

Earlier, CEO of Two Prime Digital Assets Alexander Blum predicted the launch of Solana funds by the end of 2025.