VolatilityShares Launches Two of the First U.S. Solana Futures ETFs

Volatility Shares, a US fund management company, will launch the Solana (SOL) Futures Exchange-Traded Index Fund (hereinafter referred to as ETF).
Cointelegraph reported on the 19th (local time) that Volatility Shares will launch the Volatility Shares Solana ETF on the 20th.
Solana ETF (hereinafter referred to as SOLZ) and Volatility Shares 2X Solana ETF (hereinafter referred to as Volatility Shares 2X Solana
According to documents filed with the U.S. Securities and Exchange Commission (SEC), SOLZ's management fee will be 202
It will remain at 0.95% until June 30, 2016, when it will increase to 1.15%. SOLT offers investors 2x leverage and its management fee has been set at 1.85%.
Futures contracts are used as a way to hedge risk by allowing investors to predict price fluctuations without directly owning the underlying asset.
The launch of this ETF marks the first time that a Solana-based ETF has been introduced in the U.S. market, and is the latest development in the Chicago market.
This is linked to the launch of Solana futures contracts on the CME Exchange. CME launched Solana futures on March 17, recording trading volume of approximately $12.1 million on the first day.
Bitcoin (BTC) futures recorded a trading volume of over $102 million (approximately 15.2 billion yen) on the first day of launch, and Ethereum (ETH) futures also recorded a trading volume of $30 million (approximately 4.5 billion yen) at the time of launch.
Despite the relatively low initial trading volume, Solana futures contracts are likely to attract institutional interest and drive price formation, Cointelegraph reported.
The launch of Solana futures trading increases the likelihood of approval of a Solana ETF in the United States, signaling financial regulators are becoming more open to digital assets.
Titan founder Chris Chung said, "The launch of Solana futures and the introduction of the ETF demonstrate that Solana is more than just a meme coin exchange.
"This shows that it is being positioned as a blockchain network with practical use cases such as payments, rather than just a blockchain network.