Is Solana Futures ETF Coming? Volatility Shares Submits Application To SEC | Bitcoinist.com

Is Solana Futures ETF Coming? Volatility Shares Submits Application To SEC | Bitcoinist.com

Asset administration firm Volatility Shares has submitted with the USA Securities and Change Fee (SEC) an utility to record a Solana futures exchange-traded fund (ETF). This strategic transfer comes after a bunch of asset managers utilized to launch a spot Solana ETF earlier this yr.

Will Volatility Shares Enhance Odds Of Spot ETF Approval?

In a December 27 publish on the X platform, ETF Retailer president Nate Geraci revealed that Volatility Shares has filed for a futures-based Solana ETF with the US SEC. A futures exchange-traded fund offers publicly traded securities that provide publicity to the value actions of a cryptocurrency futures contract (SOL futures contract, on this state of affairs).

For context, futures contracts check with monetary derivatives that enable buyers to invest on the longer term value of an asset with out straight proudly owning it. With the Solana futures ETF, Volatility Shares intends to supply merchandise with three totally different leverage sorts, together with 1x, 2x, and -1x publicity.

The SOL futures ETF with 1x publicity will monitor the Solana futures value with no leverage, whereas funds with 2x publicity will present leveraged publicity and amplify the value motion by 2x. In the meantime, Solana ETFs with -1x leverage present inverse publicity, which means they achieve worth when the futures contracts decline.

Supply: @NateGeraci/X

Based on Geraci, this Volatility Shares’ utility could be important even for SOL spot exchange-traded funds, contemplating the asset supervisor’s function within the approval of Ether futures ETFs. The asset administration firm pushed the Securities and Change Fee to greenlight the crypto merchandise in 2023.

The ETF Retailer president highlighted that the submitting particularly states, “Solana futures contracts that trade only on an exchange registered with the Commodity Futures Trading Commission.”

Bloomberg ETF skilled Eric Balchunas additionally commented on Volatility Shares’ future-based Solana ETF utility, stating that it’s a welcome growth within the crypto house. Based on Balchunas, this newest submitting bodes nicely for the success of the spot SOL ETF utility.

Solana Value At A Look

As of this writing, the value of SOL stands at round $195, reflecting a 5.5% improve previously 24 hours. Based on CoinGecko knowledge, SOL’s worth has jumped by practically 6% previously week.

Solana

The value of SOL on the day by day timeframe | Supply: SOLUSDT chart on TradingView

 

Featured picture from Dreamstime/Aivaras Sakurovas, chart from TradingView

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 96,848.95 0.60%
ethereum
Ethereum (ETH) $ 2,665.52 1.54%
xrp
XRP (XRP) $ 2.46 2.18%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 202.27 3.96%
bnb
BNB (BNB) $ 639.80 10.28%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.256623 3.36%
cardano
Cardano (ADA) $ 0.701081 1.31%
staked-ether
Lido Staked Ether (STETH) $ 2,663.38 1.71%
tron
TRON (TRX) $ 0.235828 1.41%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,100.02 1.07%
chainlink
Chainlink (LINK) $ 18.77 3.83%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,176.13 1.66%
avalanche-2
Avalanche (AVAX) $ 25.24 4.32%
stellar
Stellar (XLM) $ 0.327908 0.33%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 5.50%
sui
Sui (SUI) $ 3.10 4.39%
the-open-network
Toncoin (TON) $ 3.81 2.35%
hedera-hashgraph
Hedera (HBAR) $ 0.23954 4.38%
leo-token
LEO Token (LEO) $ 9.82 0.08%
usds
USDS (USDS) $ 1.00 0.17%
litecoin
Litecoin (LTC) $ 106.50 3.09%
hyperliquid
Hyperliquid (HYPE) $ 23.63 3.43%
bitget-token
Bitget Token (BGB) $ 6.42 0.81%
weth
WETH (WETH) $ 2,664.82 1.59%
polkadot
Polkadot (DOT) $ 4.82 6.02%
bitcoin-cash
Bitcoin Cash (BCH) $ 326.19 2.41%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
mantra-dao
MANTRA (OM) $ 5.97 0.33%
uniswap
Uniswap (UNI) $ 9.28 5.44%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,817.32 1.52%
ondo-finance
Ondo (ONDO) $ 1.34 2.31%
pepe
Pepe (PEPE) $ 0.00001 5.86%
monero
Monero (XMR) $ 215.80 1.53%
near
NEAR Protocol (NEAR) $ 3.37 5.36%
whitebit
WhiteBIT Coin (WBT) $ 27.26 0.19%
aave
Aave (AAVE) $ 246.54 5.09%
mantle
Mantle (MNT) $ 1.05 0.99%
dai
Dai (DAI) $ 1.00 0.05%
official-trump
Official Trump (TRUMP) $ 17.04 0.28%
internet-computer
Internet Computer (ICP) $ 7.07 4.88%
aptos
Aptos (APT) $ 5.92 5.05%
susds
sUSDS (SUSDS) $ 1.04 0.03%
ethereum-classic
Ethereum Classic (ETC) $ 20.41 2.76%
bittensor
Bittensor (TAO) $ 361.85 7.68%
okb
OKB (OKB) $ 48.37 2.85%
vechain
VeChain (VET) $ 0.033317 2.62%
gatechain-token
Gate (GT) $ 21.45 4.09%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.314499 5.10%
crypto-com-chain
Cronos (CRO) $ 0.095976 4.21%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 96,956.98 0.69%
algorand
Algorand (ALGO) $ 0.278804 3.70%
render-token
Render (RENDER) $ 4.38 7.42%
kaspa
Kaspa (KAS) $ 0.08801 1.25%
tokenize-xchange
Tokenize Xchange (TKX) $ 28.02 6.94%
jupiter-exchange-solana
Jupiter (JUP) $ 0.837507 4.25%
filecoin
Filecoin (FIL) $ 3.37 5.24%
cosmos
Cosmos Hub (ATOM) $ 4.77 8.97%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.774074 9.45%
arbitrum
Arbitrum (ARB) $ 0.46116 6.26%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 97,654.16 1.68%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.13%
fasttoken
Fasttoken (FTN) $ 3.93 0.18%
celestia
Celestia (TIA) $ 3.16 12.35%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 208.98 3.96%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,666.75 1.61%
ethena
Ethena (ENA) $ 0.503372 0.51%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,752.17 1.41%
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 96,648.89 0.69%
kucoin-shares
KuCoin (KCS) $ 12.28 1.19%
immutable-x
Immutable (IMX) $ 0.840428 11.04%
optimism
Optimism (OP) $ 1.08 6.17%
raydium
Raydium (RAY) $ 5.00 0.75%
xdce-crowd-sale
XDC Network (XDC) $ 0.09241 4.44%
bonk
Bonk (BONK) $ 0.000018 6.24%
blockstack
Stacks (STX) $ 0.921056 6.93%
lido-dao
Lido DAO (LDO) $ 1.53 1.37%
injective-protocol
Injective (INJ) $ 13.98 6.21%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,986.14 1.71%
theta-token
Theta Network (THETA) $ 1.34 3.31%
nexo
NEXO (NEXO) $ 1.32 0.17%
sonic-3
Sonic (prev. FTM) (S) $ 0.410914 6.30%
the-graph
The Graph (GRT) $ 0.135626 6.73%
movement
Movement (MOVE) $ 0.546784 5.48%
quant-network
Quant (QNT) $ 88.19 3.07%
flare-networks
Flare (FLR) $ 0.021741 2.12%
worldcoin-wld
Worldcoin (WLD) $ 1.27 3.97%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,819.22 1.60%
usual-usd
Usual USD (USD0) $ 0.998357 0.00%
dexe
DeXe (DEXE) $ 19.78 3.28%
jasmycoin
JasmyCoin (JASMY) $ 0.022815 5.45%
solv-protocol-solvbtc-bbn
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,103.75 0.67%
sei-network
Sei (SEI) $ 0.231278 5.87%
msol
Marinade Staked SOL (MSOL) $ 255.41 3.96%
gala
GALA (GALA) $ 0.022478 7.37%
the-sandbox
The Sandbox (SAND) $ 0.393794 5.97%
floki
FLOKI (FLOKI) $ 0.000099 11.96%
tezos
Tezos (XTZ) $ 0.92038 9.67%
eos
EOS (EOS) $ 0.616885 5.68%
Scroll to Top