#ETFWatch Solana futures-based exchange-traded funds (ETFs) in the US, marking a significant milestone in the cryptocurrency sector.

The firm introduced two ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), offering investors traditional exposure to Solana (SOL). While SOLZ tracks Solana futures, SOLT offers leveraged exposure at twice the rate of Solana's price movement.

The expense ratios for the two products are set at 0.95% and 1.85%, respectively.

The launch comes after Volatility Shares' swift approval from the US Securities and Exchange Commission (SEC) in a matter of months.

The firm's CEO, Justin Young, sees the timing as favourable, with increasing optimism for cryptocurrency innovation in the US Despite the approval of futures-based Solana ETFs, the SEC has yet to approve a spot Solana ETF.

Analysts suggest futures ETFs often precede the launch of spot ETFs, a trend observed with Bitcoin and Ethereum ETFs.