Solana ETF approved for U.S. market as crypto regulations shift
Solana ETF approved for U.S. market
The United States is set to welcome its first-ever Solana futures exchange-traded funds (ETFs) as Volatility Shares, a Florida-based asset management firm, receives regulatory approval to launch two new products.
The Solana ETF, set to debut on March 20, 2025, signals a growing shift in the U.S. regulatory approach toward digital asset investments, according to Crypto News.
The newly approved funds — SOLZ, tracking Solana futures, and SOLT, offering leveraged exposure at 2x — will provide institutional and retail investors with an alternative route to gain exposure to Solana without directly holding the cryptocurrency.
SOLZ will carry an expense ratio of 0.95%, while the leveraged SOLT fund will charge 1.85%.
SEC signals possible future for spot Solana ETFs
The approval comes at a time when the U.S. market is experiencing renewed optimism under a pro-crypto administration. Industry analysts, including Bloomberg’s senior ETF strategist Eric Balchunas, suggest that this regulatory green light could pave the way for a spot Solana ETF, which would allow investors to directly hold Solana rather than its futures contracts.
Meanwhile, Bitnomial, a CFTC-regulated crypto derivatives exchange, has also announced the launch of XRP futures contracts, marking another milestone in expanding crypto investment products.
The U.S. already hosts Bitcoin and Ethereum ETFs, but Solana’s inclusion indicates a broader acceptance of altcoins in the regulated financial space. With the Securities and Exchange Commission continuing to review applications for spot crypto ETFs, investors are closely watching for further developments that could reshape the industry.
Meanwhile, Senator Ted Cruz is championing Texas as a global hub for Bitcoin innovation in the U.S., aligning the state’s resources with the growing digital asset industry. With three Bitcoin mining facilities in West Texas, Cruz is merging advocacy with action.
