- Volatility Shares is launching two exchange-traded funds that track Solana futures.
- Solana spiked 8% to $134 today.
- “Until now, if you wanted Solana exposure, you had to jump through a bunch of hoops,” said Volatility Shares CEO Justin Young.
Move over Ethereum and Bitcoin, Solana exchange-traded funds are now coming to market.
Volatility Shares is launching two ETFs that track Solana futures. These are the first of their kind for Solana, the sixth largest crypto network in the world. The token surged 8% to $134, with a market value of $68 billion.
The Florida-based fund also offers a 2x leveraged Bitcoin futures ETF and a 2x leveraged Ethereum futures ETF.
“Until now, if you wanted Solana exposure, you had to jump through a bunch of hoops — technical complexity, custody issues, you name it,” Volatility Shares CEO Justin Young told Inside Solana.
“With SOLZ and SOLT, we’re knocking down those barriers.”
Some of today’s gains also come from the relief rally investors enjoyed as a Wednesday Fed meeting ended with a sobering forecast — the US will see slower growth and rising inflation in 2025.
More familiarity
According to Young, investors are asking for digital assets “but with more familiar structures.”
Many investors desire familiarity. That’s a big reason Bitcoin’s ETF has had such a resounding success since its launch in 2024. With two clicks of a button, investors can get exposure to the asset in an app they are already familiar with.
Now, “Investors can focus on why they want Solana exposure, not how to get it,” he said.
Thank Trump
US president Donald Trump has created a juxtaposition in the ETF market.
In 2024, Bitcoin ETFs had their debut — and what a debut it was. The 11 providers pulled in $107 billion in inflows in what was the best rookie year in ETF history.
A lot of that was driven by the ease of investing and Bitcoin’s risk profile. But another important reason was Donald Trump’s pro-crypto promises.
But since taking office, Trump has stirred market chaos with erratic tariff policies that have pushed Bitcoin off an edge. The asset is down 20% from its all-time highs. The broader crypto market erased 27% of its market value, and now stands at $2.8 trillion.
Nevertheless,the overarching reason Volatility Shares launched the funds is that the Trump administration recognises the strategic importance of maintaining American leadership in financial technology, Young said.
“We’re committed to developing investment products that expand access while maintaining the guardrails investors deserve,” he told Inside Solana.
Pedro Solimano is a markets correspondent based in Buenos Aires. Got a tip? Email him at psolimano@dlnews.com.
