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>>U.S.-based Solana futures ETFs launch today, moving spot ETFs closer to realization.

U.S.-based Solana futures ETFs launch today, moving spot ETFs closer to realization.

crypthub

3/20/2025, 2:58:52 PM

Solana Futures ETFs Launch

Two exchange-traded funds (ETFs) tracking Solana (SOL) futures contracts are launching, a significant step towards potential US spot SOL ETFs. Volatility Shares LLC is introducing these funds, marking the first time assets linked to Solana futures are offered. The SEC's recent approval implies that SOL is now considered a commodity.

Regulatory Milestones

The launch comes as the SEC reviews applications for spot SOL ETFs from several asset managers. With established futures markets a prerequisite, this move could be a strategic step towards gaining regulatory approval for direct investment in SOL. The Chicago Mercantile Exchange (CME) Group recently introduced SOL futures contracts, further signaling market maturity.

Market Impact and Future Prospects

These ETFs aim to attract institutional and retail investors, potentially driving up SOL's price. Analysts predict a high approval chance for spot SOL ETFs by year-end, indicating a promising future for the altcoin in traditional investment spheres. As of publishing, SOL is trading at $131.34, reflecting a positive daily change of 3.2%.