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Volatility Shares To Launch First US Solana Future ETFs Tomorrow
Volatility Shares LLC, a Florida-based investment firm, is set to introduce the first-ever Solana futures ETFs in the United States. These new financial products will provide investors with exposure to Solana, the sixth-largest cryptocurrency by market capitalization, which is valued at approximately $67 billion.
The launch follows the success of Bitcoin futures ETFs, which have gained substantial investor interest. According to the company’s registration statement, trading for the new ETFs will commence on Thursday.
Volatility Shares Introduce Solana Futures ETFs
Volatility Shares LLC is preparing to launch two new Solana futures ETFs, marking the first time such products will be available on Wall Street. These ETFs will allow institutional and retail investors to gain exposure to Solana without directly holding the cryptocurrency. The firm first submitted regulatory filings with the U.S. Securities and Exchange Commission (SEC) in December, signaling its intent to enter the expanding market for crypto-based financial products.
The two ETFs will trade under the tickers SOLZ and SOLT. The standard Solana ETF (SOLZ) will track Solana futures, while the leveraged Solana ETF (SOLT) will offer twice the exposure to Solana’s price movements. The introduction of these funds reflects growing institutional interest in cryptocurrency-based investments.
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Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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