Solana ETFs to Debut in the U.S.
Solana exchange-traded funds (ETFs) that are based on futures will trade in the United States for the first time on Thursday, March 20, 2025, Bloomberg has reported.
Volatility Shares Wins Approval
Florida-based asset manager Volatility Shares has been cleared to introduce Solana futures ETFs. The firm’s products will be the first Solana ETFs in the U.S., coming at a time when spot ETF applications are pending before the U.S. Securities and Exchange Commission (SEC).
The Volatility Shares Solana ETF (SOLZ) will track Solana futures and charge an expense ratio of 0.95%.
Leveraged Solana ETF Also Launching
In addition to SOLZ, the firm will also launch the Volatility Shares 2X Solana ETF (ticker: SOLT). The fund will offer 2x leveraged exposure and have an expense ratio of 1.85%.
Market Expansion and XRP Futures Launch
Solana futures ETFs’ debut coincides with the coming of the first ever XRP futures contract in the US. XRP futures will be listed by Bitnomial, a CFTC-regulated cryptocurrency derivatives exchange, on March 20, 2025. This follows the SEC’s recent refusal to appeal against Ripple.
Regulatory Shifts and Market Optimism
Volatility Shares first filed the listing of SOLZ and SOLT with the SEC in December 2024. The CEO of the company, Justin Young, believes that the debut is timely in the face of growing market optimism fueled by President Donald Trump’s crypto-friendly administration. Market players are speculating that favorable policies can turn the U.S. into the globe’s center of digital asset investment.
SEC’s Potential Stance on Spot Solana ETFs
The U.S. market already hosts Bitcoin and Ethereum spot and futures ETFs. Experts say the SEC’s nod to Solana futures ETFs could signal a likely go-ahead for spot Solana ETFs in the near future.
This can also be an opening to broader digital asset investment product lines, said Bloomberg ETF analyst Eric Balchunas. Yet investors prefer to have a spot ETF, which could cut the futures-based SOLZ and SOLT products’ success short as soon as a spot Solana ETF gets greenlighted.
