Volatility Shares Launches First Solana Futures ETFs in the US

Volatility Shares, based in Florida, launched two Solana futures ETFs, SOLZ and SOLT, on Thursday, offering investors exposure to Solana's price movements. SOLZ tracks Solana futures, while SOLT aims for twice the daily return of Solana's price. Listed on the Nasdaq, these ETFs mark a significant step as the SEC considers spot Solana ETF applications. Solana futures debuted on the Chicago Mercantile Exchange (CME) on Monday, with $12.3 million in notional trading volume. SOLZ and SOLT have expense ratios of 0.95% and 1.85%, respectively. Solana's price jumped 5% to $130 on Wednesday, although it has dropped 27% over the past month.