Two funds quoted in the stock market (ETF) of future follow -up in Solana (Sol) will arrive on Thursday.
According to a presentation before the Bag and Securities Commission (SEC), Volatility Shares LLC is launching two ETFs, the volatility shares Solana ETF (Solz) that will track the futures of Solana and the volatility actions 2x Solana ETF (Solt), which offers leverage exposure.
Solz will have a 0.95% management rate, while merchants will be charged 1.85% for the present, according to the presentation.
The products will be the first funds that track the futures in Solana, which to a market capitalization of $ 66.5 billion is the sixth largest cryptocurrency in the market. Token has increased 6% in the last 24 hours, in line with the broader cryptographic market.
The launch of these funds could be significant in the approval of a Spot Solana ETF, which would maintain the token directly. The SEC has declared in the past that to approve a spot product, they would like to see a futures market established for the asset.
After the launch of the ETF Spot Bitcoin (BTC) and Ether (ETH) last year, the emitters have been looking to bring more products related to cryptography to the market.
Several emitters, including Grayscale, Franklin Templeton and Vaneck, have submitted documents to launch a Spot Solana ETF, which has not yet been reviewed by the SEC. Bloomberg Intelligence ETF analysts believe that there is a 75% chance that these funds are approved by the end of this year.
However, a decision will probably not be made before Paul Atkins, who has been nominated by President Donald Trump to serve as president of the SEC, is confirmed by the Senate. There is currently no scheduled audience for Atkins.
