Volatility Shares has taken a significant step into the US cryptocurrency market by launching the first cryptocurrency futures exchange-traded funds (ETFs). According to information from the company, starting today, March 20, investors will have access to two new options: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
Solana
SOLZ offers direct exposure to Solana futures contracts and according to Volatility’s announcement, will have a management fee of 0.95% until June 2026, increasing to 1.15% after that date. “SOLZ is designed for investors seeking long-term capital appreciation through 1x exposure to one of the fastest-growing blockchain ecosystems, without the technical challenges of direct cryptocurrency investing. The Fund seeks returns correlated to Solana’s price movements through futures contracts and/or swaps, without holding Solana directly,” explained the company.
With a management fee of 1.85%, SOLT aims to deliver daily investment results that will be equivalent to twice the return on Solana’s price, thus offering leverage to the fund’s investors. “SOLT provides sophisticated investors with 2x leveraged daily exposure to Solana’s price movements without the complexity of direct cryptocurrency ownership. The ETF is ideal for investors seeking tactical cryptocurrency trading opportunities who understand the amplified risks of leveraged exposure,” highlighted the company.
The launch of these ETFs marks a major milestone for Solana, which will now have its futures contracts traded on an exchange in the US. The move comes at a time of growing interest in cryptocurrency ETFs, driven by the change in leadership at the SEC and the possibility of Donald Trump’s re-election, which has generated optimism in the market.
It is worth remembering that, on March 17, Solana (SOL) futures, quoted at US$ 124, started its operations on the Chicago Mercantile Exchange (CME), recording a trading volume of US$12.1 million. At the time of publication, SOL’s price was trading at $130.60, up 2.0% over the past 24 hours. The recent rally brought the asset’s weekly gains to 3.5%.