Volatility Shares to Debut Solana Futures ETFs
Florida-based Volatility Shares LLC is launching two funds that track Solana futures on Thursday, according to an approved registration statement. These funds will be the first to provide exposure to Solana, which has a market cap of approximately $67 billion.
The Volatility Shares Solana ETF (ticker: SOLZ) will track Solana futures, while the Volatility Shares 2X Solana ETF (SOLT) offers double leveraged exposure. The firm initially filed with the US Securities and Exchange Commission in December. SOLZ and SOLT will have expense ratios of 0.95% and 1.85%, respectively.
“Our launch coincides with renewed optimism for cryptocurrency innovation in the US,” said Justin Young, CEO of Volatility Shares. “We believe the current administration recognizes the strategic importance of maintaining American leadership in financial technology.”
