Solana Futures ETFs to Launch, Setting Stage for Potential Spot Approval

Two Solana (SOL) futures exchange-traded funds (ETFs) are set to hit the market on Thursday, marking a milestone for institutional access to the sixth-largest cryptocurrency.

Volatility Shares LLC will introduce:

• Volatility Shares Solana ETF (SOLZ): A futures-based fund tracking SOL’s price.
• Volatility Shares 2X Solana ETF (SOLT): A leveraged product providing double the exposure.

According to the SEC filing, SOLZ will have a 0.95% management fee, while SOLT will charge 1.85%.

This marks the first-ever futures ETFs for Solana, an asset with a $66.5 billion market cap. SOL has climbed 6% in the past 24 hours, following the broader crypto market’s upward momentum.

Could This Lead to a Spot Solana ETF?

The launch of Solana futures ETFs strengthens the case for a spot Solana ETF, which would hold actual SOL tokens rather than futures contracts. The SEC has historically preferred futures markets to be established before considering spot ETF approvals.

With spot Bitcoin (BTC) and Ethereum (ETH) ETFs successfully launching last year, major asset managers—including Grayscale, Franklin Templeton, and VanEck—have filed for spot Solana ETFs. However, these applications are still awaiting SEC review.

Bloomberg Intelligence ETF analysts estimate a 75% probability of approval by year-end. That decision, however, may hinge on Paul Atkins, President Donald Trump’s nominee for SEC chair, whose Senate confirmation has yet to be scheduled.