Volatility Shares has taken a significant step by filing three fresh ETF applications targeting futures contracts for Solana (SOL). As it stands, the market lacks any investment options of this kind, making this move particularly noteworthy. The proposed funds intend to focus exclusively on Solana futures traded on exchanges overseen by the Commodity Futures Trading Commission (CFTC).
Why Are Solana Futures Products Missing?
The intent behind Volatility Shares’ application highlights the limitation in current offerings, as no Solana futures or spot ETFs exist in today’s market. The funds would solely engage in trading contracts regulated by the CFTC, underlining a gap in available investment products.
Could This Shift Regulatory Dynamics?
Industry expert Eric Balchunas expressed surprise at the application, indicating it could herald the arrival of Solana futures contracts. Notably, this initiative may also enhance the prospects for spot ETFs linked to Solana. ETF Store President Nate Geraci emphasized that the application could signify a gain for the CFTC in its rivalry with the SEC regarding cryptocurrency regulation.
- Volatility Shares previously launched a leveraged Bitcoin futures ETF.
- The firm introduced a 2x leveraged Ethereum ETF a year later.
- This latest move targets the growing interest from institutional investors in cryptocurrency.
The entry of Volatility Shares into Solana futures reflects a broader trend of increasing institutional engagement with digital assets, setting the stage for potential market innovations.
