Ah, the theater of finance! Volatility Shares LLC, that intrepid troupe of market maestros, is set to unveil not one, but two exchange-traded funds (ETFs) tracking Solana futures. Behold, the Volatility Shares Solana ETF (SOLZ) and its more audacious sibling, the Volatility Shares 2X Solana ETF (SOLT). The former offers a genteel waltz with Solana futures, while the latter, with its leveraged exposure, promises a tango on the edge of a precipice. 🕺💃
SOLZ, with its modest management fee of 0.95%, is the equivalent of a well-tailored suit, while SOLT, at 1.85%, is more akin to a bespoke tuxedo with a diamond-studded bowtie. Both are set to make their grand entrance on Thursday, marking the first-ever funds to track futures in Solana, the sixth-largest cryptocurrency with a market cap of $66.5 billion. The token, in a fit of exuberance, has risen 6% in the past 24 hours, as if to greet its new financial overlords. 📈
But wait, there’s more! The launch of these funds could be the prelude to the approval of a spot Solana ETF, which would hold the token directly. The SEC, that ever-watchful guardian of the financial realm, has previously stated that an established futures market is a prerequisite for such an approval. After the debut of spot Bitcoin (BTC) and Ether (ETH) ETFs last year, issuers have been clamoring to bring more crypto-related products to the market. 🎭
Several issuers, including Grayscale, Franklin Templeton, and VanEck, have filed paperwork to launch a spot Solana ETF, though the SEC has yet to review these applications. Bloomberg Intelligence ETF analysts, those modern-day oracles, believe there’s a 75% chance these funds will be approved by year’s end. However, a decision likely won’t be made before Paul Atkins, nominated by President Donald Trump to chair the SEC, is confirmed by the Senate. As of now, no hearing is scheduled for Atkins, leaving us all in a state of delicious suspense. 🍿
Read More
- Best Crosshair Codes for Fragpunk
- Wuthering Waves: How to Unlock the Reyes Ruins
- Enigma Of Sepia Tier List & Reroll Guide
- How to Get Seal of Pilgrim in AI Limit
- Poppy Playtime Chapter 4 Walkthrough
- Hollow Era Private Server Codes [RELEASE]
- Gaming News: Video Game Workers Unite with New Union Effort
- Honkai: Star Rail Fans Applaud Epic Firefly/SAM Cosplay – 8 Months of Creativity on Full Display!
- Lost Records Bloom & Rage Walkthrough – All Dialogue Options & Puzzle Solutions
- Final Fantasy Pixel Remaster: The Trials of Resurrection and Sleeping Bags
2025-03-19 22:17