Key takeout
- Two Solana futures ETFs from Volatility Share have appeared at DTCC.
- The ETF provides 1 and 2 times more leveraged exposure to Solana futures contracts.
Please share this article
Depository Trust & Clearing Corporation (DTCC) has listed the first Solana Futures ETF from its volatility share. We share twice the volatility of Solana ETF (SOLT) and Bolatility Shares Solana ETF (Solz).
When added to DTCC, these ETFs are eligible for clearing and settlement through this central infrastructure. This is essential for efficient and reliable transactions. However, the list is not equivalent to SEC approval for investment products.
Last December, Volatility Stock specializes in Exchange Trade Funds (ETFs), focusing on volatility-based investment strategies, filed with the SEC for three new ETFs tracking SOLANA futures contracts.
In addition to the two products listed in the DTCC, the company is also seeking regulatory approval for the -1X Solana ETF, which offers reverse exposure and gains value when Solana Futures decreases.
The move sparked curiosity as Solana futures contracts were not available in the CFTC regulatory exchange at the time.
However, according to Bloomberg ETF analyst Eric Balknas, the Solana Futures would soon be a strong sign.
Earlier this month, Coinbase Derivatives LLC launched a CFTC-regulated Solana futures contract. These agreements are considered important steps towards the potential recognition of future Solana ETFs.
The launch of Coinbase was proposed after the leaked Chicago Mercantile Exchange Staging website suggested that XRP and Solana Futures could begin trading on February 10th, withheld regulatory approval.
However, the CME Group has made it clear that no official decisions have been made regarding these contracts. A CME spokesperson noted that the leak was attributed to “errors” and was still in the evaluation stage for these potential products.
The availability of regulated Solana futures contracts provides institutional investors with a safer and more structured way to exchange Solana, bridging the gap between traditional finance and crypto markets.
Potential approval of the Solana Leveraged ETF may increase the likelihood that the Solana ETF will be approved in the future.
The SEC has confirmed receipt of multiple filings for Spot Solana ETFs from 21 shares, Bitwise, Canary and Vanek.
Please share this article
