$SOL

Solana (SOL) enters the ETF market, with the launch of two futures ETFs on Nasdaq by Volatility Shares:

SOLZ: follows the daily performance of Solana. SOLT: a 2x leveraged ETF, aiming to double daily returns.

This move represents the first ETF product on Solana in the United States and comes shortly after the launch of Solana futures by CME (Chicago Mercantile Exchange) on March 17.

Why is this important? The launch of futures ETFs shows that Solana is maturing in the eyes of institutional investors. Chris Chung, founder of Titan, states that Solana is evolving beyond the image of "memecoin casino" to become a solution for real payments. According to Ryan Lee (Bitget Research), these ETFs could increase liquidity and demand, bringing Solana closer to Ethereum's market capitalization. Initial trading data On the first day, Solana futures reached $12.3 million in volume, with $7.8 million in open interest. Although lower than the launch data for Bitcoin ($102M) and Ethereum ($30M), they are in line with Solana's lower market capitalization. Possibility of Spot ETFs on Solana

Attention now shifts to the possibility of spot ETFs on Solana, which would allow direct investments in the token. Several companies have already submitted proposals to the SEC, including:

21Shares VanEck Franklin Templeton (the largest, applied in March 2025)

According to a report from JPMorgan, a spot ETF on Solana could attract between $3 and $6 billion in the first six months, potentially surpassing the adoption rate of spot ETFs on Ethereum.

Conclusion

The approval of futures ETFs on Solana is seen as a crucial first step towards spot ETFs, with the potential to attract significant institutional capital and strengthen Solana's role in the traditional crypto market.