Volatility Shares has proposed to the US Securities and Exchange Commission (SEC) to launch ETFs based on Solana futures (SOL). These ETFs include options with 1x, 2x, and inverse leverage, allowing traders to benefit from Solana price fluctuations. They track Solana’s performance through futures contracts traded only on CFTC-registered exchanges. Additionally, these funds offer a 100% return from short to medium-term Solana futures investments. To support these investments, the funds use cash, cash equivalents, and high-quality securities as collateral. This structure provides a regulated way to access Solana price changes. This isn’t the first time Volatility Shares is exploring digital asset-based ETFs; previously, the company played a significant role in developing Ethereum futures-based ETFs. Eric Balchunas, a senior ETF analyst at Bloomberg, described this move as bold and highlighted its unusual timing due to Solana futures not being active yet. He mentioned that this action could potentially increase the chances of SEC approving Solana spot ETFs in the future. Currently, Solana’s price has dropped by 2.24% to $185.5. Since mid-November, Solana has maintained a steady trend and is currently ranked just below XRP and BNB Coin in terms of market cap. Analysts believe that if SEC approves spot ETFs, Solana’s price could reach $1000. On the real-time digital currency price page, you can view the prices of all tokens and cryptocurrencies live and instantly.
