DTCC Lists Solana Futures ETFs on Website

Futures SOL-ETFs proposed by Volatility Shares have appeared in the asset list of the DTCC, marking the first instruments based on Solana. Previously, such a procedure preceded the product launch.

In the case of VanEck’s spot Ethereum-ETF, the fund began trading on the CBOE roughly two months after the instrument appeared on the DTCC list in May 2024.

At the end of last year, Volatility Shares filed an application for three new SOL-ETFs with leverage options of 1x, 2x, and -1x, but the futures SOL-ETF with a -1x coefficient was not included in the DTCC list.

Volatility Shares Solana ETF and Volatility Shares 2x Solana-ETF are listed under the tickers SOLZ and SOLT, respectively.

The products will invest in contracts traded on regulated CFTC exchanges. This criterion is met by the instrument on Coinbase.

In December, Bloomberg analyst Eric Balchunas noted the “good chances” of approval for a spot SOL-ETF amid Volatility Shares’ initiative.

On February 7, the SEC accepted an application from NYSE Arca on form 19b-4 to amend rules that would allow the listing of a spot exchange-traded fund based on Solana-ETF from Grayscale Investments.

The agency is also considering proposals from 21Shares, Bitwise, Canary, and VanEck.

On February 21, DTCC added to its site a spot Litecoin-ETF from Canary Capital.

Earlier, Balchunas and his colleague James Seyffart estimated a 65-90% probability of approval by October for exchange-traded funds based on Litecoin, Dogecoin, Solana, and XRP.

Aptos-ETF?

On February 25, Bitwise established Bitwise Aptos ETF in the state of Delaware, forming an S-1 registration application for the SEC.

In November, the company launched an Aptos Staking ETP on six Swiss exchanges. A similar product was introduced at the same time by 21 Shares.

In January, Bitwise registered Bitwise Doge ETF in Delaware.

On February 11, NYSE Arca filed a form 19b-4 application to convert Grayscale Cardano Trust into an ETF.

On February 20, the SEC accepted for consideration a proposal to re-register Grayscale XRP Trust as an ETF.

Tuttle Capital Management submitted a proposal to the SEC to launch ten crypto-ETFs with 2x leverage, including those based on TRUMP and MELANIA. Other products are based on Bonk, BNP, and Chainlink.

The regulator is also reviewing applications to add in-kind redemptions to BTC-ETF and ETH-ETF, as well as the inclusion of staking in ETH-ETF.

Hester Peirce, who leads the regulator’s targeted “crypto group,” stated that among the structure’s priorities is to decide which assets are not securities, and to create a clear procedure for registering new tokens.