Volatility Shares LLC has decided to introduce two new ETF products tracking Solana $135 (SOL ($151.26)) futures. One of the announced products will reflect general market conditions, while the other will provide leverage opportunities. Both investors and the financial sector are closely monitoring these new developments.
Solana ETF Products
The newly launched ETFs include the Volatility Shares Solana ETF (SOLZ), which tracks Solana futures, and the Volatility Shares 2X Solana ETF (SOLT), offering leveraged investment opportunities. According to the announcement, a management fee of 0.95% will apply to SOLZ and 1.85% to SOLT. These products are notable for being the first funds based on Solana futures.
Furthermore, the launch of CME SOL futures earlier this week signals a new era for Solana. Considering its popularity in the cryptocurrency markets, it is expected to attract significant instituti...