Volatility Shares LLC, a Florida-based funding agency, is about to introduce the first-ever Solana futures ETFs within the United States. These new monetary merchandise will present buyers with publicity to Solana, the sixth-largest cryptocurrency by market capitalization, which is valued at roughly $67 billion.
The launch follows the success of Bitcoin futures ETFs, which have gained substantial investor curiosity. According to the corporate’s registration assertion, buying and selling for the brand new ETFs will start on Thursday.
Volatility Shares Introduce Solana Futures ETFs
Volatility Shares LLC is preparing to launch two new Solana futures ETFs, marking the primary time such merchandise might be out there on Wall Street. These ETFs will enable institutional and retail buyers to realize publicity to Solana with out immediately holding the cryptocurrency. The agency first submitted regulatory filings with the U.S. Securities and Exchange Commission (SEC) in December, signaling its intent to enter the increasing marketplace for crypto-based monetary merchandise.
The two ETFs will commerce underneath the tickers SOLZ and SOLT. The commonplace Solana ETF (SOLZ) will observe Solana futures, whereas the leveraged Solana ETF (SOLT) will supply twice the publicity to Solana’s worth actions. The introduction of those funds displays rising institutional curiosity in cryptocurrency-based investments.
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Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to numerous media shops on cryptocurrency traits and applied sciences. With over 4000 printed articles throughout numerous media shops, he goals to tell, educate and introduce extra individuals to the Blockchain and DeFi world. Outside of his journalism profession, Ronny enjoys the fun of motorbike using, exploring new trails and landscapes.
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