Key Points
- Volatilty Shares LLC launched two Solana futures ETFs today.
- The announcement comes after the US SEC delayed the other SOL and crypto ETFs.
Today, Solana (SOL) recorded a price surge of around 6%, as the first SOL ETFs will launch in the US.
Volatilty Shares is a leader in the development of innovative leveraged ETFs.
SOL is Up by 6% Today
At the moment of writing this article, SOL is trading above $133, up by almost 6% today.
SOL’s price surge comes amidst a bullish market that recorded a surge of over 3% in the past 24 hours, and ahead of the first SOL ETFs launch in the US today.
Two Solana ETFs Will Launch Today
Bloomberg’s Eric Balchunas posted via X that the first SOL ETFs will go live today, tracking SOL futures.
The Volatilty Shares Solana ETF (SOLZ) will track Solana futures and the Volatilty Shares 2X ETF (SOLT) will offer twice the leveraged exposure.
The publication revealed that Volatilty Shares would launch two ETFs tracking SOL futures, with expense ratios of 0.95% and 1.85%.
Bloomberg also noted that the firm first submitted paperwork to the US SEC for these funds in December 2024.
These new funds show that ETF firms are still catering to speculative investors, and defying concerns about a potential market saturation.
They also highlighted that this launch follows Bitcoin-related products’ success and may pave the way for Spot Solana ETFs which are expected to be approved in May.
First-ever Solana ETFs in U.S. are launching in tomorrow from VolShares. Will track futures. One is 2x. Solana equiv of BITO and BITX. Scoop via @isabelletanlee pic.twitter.com/juhIru9MZb
— Eric Balchunas (@EricBalchunas) March 19, 2025
The bullish news comes after the US SEC had previously delayed more SOL ETFs and other crypto ETFs for May. The other SOL ETFs delayed by the SEC are from Grayscale, Bitwise, 21Shares, Canary, and VanEck.
The regulator reportedly delayed the approval for these SOL ETFs until Trump’s nominee for the SEC Chair, Paul Atkins takes office.
