$SOL On Thursday, March 20, 2025, Volatility Shares launched the first futures ETFs for Solana (SOL) in the United States. The products, listed on Nasdaq, are: 

• Volatility Shares Solana ETF (SOLZ): Offers direct exposure to Solana futures contracts. 

• Volatility Shares 2X Solana ETF (SOLT): Provides twice-leveraged exposure to Solana futures contracts. 

These ETFs allow investors to speculate on the future price of SOL without directly owning the cryptocurrency. The launch comes after Solana futures trading began at CME Group on March 17.  

Analysts view the introduction of these ETFs as a step towards the possible approval of spot Solana ETFs by the U.S. Securities and Exchange Commission (SEC). However, the approval of spot ETFs may depend on the existence of an established futures market for the cryptocurrency. 

Despite the enthusiasm surrounding the ETFs, the price of SOL has not recorded significant increases, suggesting that investors may be cautious due to regulatory factors and competition with other cryptocurrencies. 

Additionally, Fidelity Investments recently submitted a request to launch a Solana ETF, indicating growing institutional interest in the cryptocurrency. 

In summary, the introduction of Solana futures ETFs represents a significant advancement in the institutional adoption of the cryptocurrency, although the immediate impact on the asset's price has been limited.