- Ah, the first-ever SOL ETF tracking Futures shall grace us with its presence on the 20th of March! 🎉
- Bloomberg’s sage, Eric Balchunas, warns that the approval of spot ETFs might just stir the pot for Futures ETFs. 🥴
In a most splendid turn of events, the inaugural U.S.-based Solana [SOL] ETF (exchange-traded funds) is poised to make its grand entrance via the illustrious Nasdaq exchange on the 20th of March. This, dear reader, is a development that could very well enhance the prospects of spot ETF approval. Who would have thought? 🤔
As per the esteemed Bloomberg report, Volatility Shares LLC is preparing to unveil not one, but two funds that will gallantly track the SOL Futures markets. A veritable feast for the speculative soul! 🍽️
The first of these funds, the Volatility Shares Solana ETF (SOLZ), will dutifully follow SOL Futures, while its ambitious sibling, the Volatility Shares 2X Solana ETF (SOLT), promises to offer a twice-leveraged exposure to this crypto asset. Because why not double the fun? 🎢
Futures markets, my dear friends, allow participants to engage in the delightful pastime of speculating on SOL’s future price without the burden of actually owning the physical SOL asset. A true marvel of modern finance! 🤑
Is the spot Solana ETF the next big thing?
It is worth noting, with a hint of dramatic flair, that Bitcoin [BTC] and Ethereum [ETH] have traversed the path of Futures markets before being granted the coveted spot ETF approval. However, our wise analyst Eric Balchunas has cautioned that these products may encounter ‘some issues’ should spot ETFs come to fruition. Oh, the irony! 😏
“It’s the first altcoin after Ether to be approved. But history has shown that ETF investors crave holding the physical asset as much as possible…It could have some issues when spot is approved.”
Meanwhile, the ever-optimistic Nate Geraci has suggested that a spot SOL ETF could be on the horizon, drawing a rather cheeky comparison to the ETH ETF pathway. How delightful! 🌅
“Less than a year ago, pretty much *everyone* thought spot ETH ETFs were a pipe dream. Now, we’ll have SOL futures ETFs. Spot SOL ETFs won’t be far behind, IMO.”
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2025-03-20 14:19