{"id":19987,"date":"2024-12-29T11:01:07","date_gmt":"2024-12-29T09:01:07","guid":{"rendered":"https:\/\/forklog.com\/en\/volatility-shares-seeks-approval-for-solana-futures-etfs\/"},"modified":"2024-12-29T11:01:07","modified_gmt":"2024-12-29T09:01:07","slug":"volatility-shares-seeks-approval-for-solana-futures-etfs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/volatility-shares-seeks-approval-for-solana-futures-etfs\/","title":{"rendered":"Volatility Shares Seeks Approval for Solana Futures ETFs"},"content":{"rendered":"<p>Asset manager Volatility Shares has submitted an <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1884021\/000121390024113152\/ea0225648-01_485apos.htm\">application<\/a> to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> to launch ETFs investing in Solana (SOL) futures contracts.<\/p>\n<p>According to the documents, the fund aims to use instruments &#8220;traded only on an exchange registered with the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span>.&#8221; However, neither such a product nor a spot Solana ETF currently exists.<\/p>\n<p>The Volatility Shares fund offers three leverage options: 1x, 2x, and -1x.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is wild. Solana futures ETF filing bf Solana futures even exist! Oh and let\u2019s do a 2x while we\u2019re. 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! <a href=\"https:\/\/t.co\/YiwauQfaji\">https:\/\/t.co\/YiwauQfaji<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1872839815370268841?ref_src=twsrc%5Etfw\">December 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is incredible! [\u2026] a good sign that Solana futures [are on the way] and possibly bodes well for spot odds,\u201d stated Bloomberg exchange analyst Eric Balchunas.<\/p>\n<\/blockquote>\n<p>In the discussion, The ETF Store President Nate Geraci <a href=\"https:\/\/x.com\/NateGeraci\/status\/1872840622371193068\">suggested<\/a> that &#8220;the CFTC might win the power struggle with the SEC over digital asset regulation.&#8221;<\/p>\n<p>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 <a href=\"https:\/\/www.nyse.com\/publicdocs\/nyse\/markets\/nyse-arca\/rule-filings\/filings\/2024\/SR-NYSEArca-2024-110.pdf\">submitted<\/a> on December 3.<\/p>\n<p>On December 5, the SEC notified at least two of the five issuers that it intends to reject their requests.<\/p>\n<p>Earlier, CEO of Two Prime Digital Assets Alexander Blum predicted the launch of Solana funds by the end of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8220;traded only on an exchange registered with the CFTC.&#8221; However, neither such a product nor a spot Solana ETF currently exists. The Volatility Shares fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,609,1159],"class_list":["post-19987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-futures","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"92","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19987"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19986"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}