- DTCC’s listing of Solana futures ETFs signals positive momentum for more Solana-based financial products in the evolving regulatory landscape.
- Volatility Shares’ Solana futures ETFs could pave the way for future spot Solana ETF approval as regulatory shifts favor digital assets.
The Depository Trust & Clearing Corporation (DTCC) has officially listed the first set of Solana futures exchange-traded funds (ETFs), marking a turning point for the digital asset. Volatility Shares issued the Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT). This move comes at a time when the regulatory environment surrounding digital assets is evolving, and these ETFs could set the stage for the approval of additional Solana-based financial products.
The Depository Trust & Clearing Corporation (DTCC) has listed the first Solana futures ETFs, issued by Volatility Shares: SOLZ (Volatility Shares Solana ETF) and SOLT (Volatility Shares 2X Solana ETF). Futures ETFs are a pre-step to spot ETFs.https://t.co/7ds1pW1OHX
— Wu Blockchain (@WuBlockchain) February 27, 2025
The inclusion of SOLZ and SOLT on the DTCC’s list is a critical step in making these Solana-based ETFs tradable in U.S. markets. While the listing itself does not guarantee immediate trading approval, it does mean that these ETFs are eligible for clearing and settlement through the DTCC’s infrastructure.
Volatility Shares initially filed for approval of three Solana futures ETFs with the U.S. Securities and Exchange Commission (SEC) in December 2024. However, market concerns arose due to the absence of regulated Solana futures contracts. Despite these hurdles, Coinbase’s launch of Solana futures contracts earlier this month, under the supervision of the Commodity Futures Trading Commission (CFTC), has created a pathway for these ETFs to eventually launch.
Volatility Shares and the Solana Futures Market
Volatility Shares filed for three Solana ETFs designed to provide exposure to Solana futures, with options for 1x, 2x, and -1x leverage. The 2x and 1x leveraged products have been added to the DTCC list, while the -1x inverse Solana ETF was omitted.
These leveraged ETFs would track Solana futures contracts traded on regulated platforms. Although Solana futures were not initially available on CFTC-regulated exchanges, Coinbase’s recent introduction of them has helped clear the path for these ETFs.
According to Volatility Shares’ prospectus, the funds would invest in Solana futures contracts that trade on CFTC-regulated exchanges. While the funds have not yet received SEC approval, their listing on the DTCC suggests that preparations are underway, signaling positive momentum for developing more Solana-based financial products.
Potential Impact on Solana Spot ETFs
The listing of these Solana futures ETFs may also influence the chances of a future spot Solana ETF approval. As we reported earlier, the SEC has already acknowledged filings from several companies, including 21Shares, Bitwise, Canary, and VanEck, for spot Solana ETFs.
However, in addition to this report, Bloomberg ETF analyst Eric Balchunas suggested that Volatility Shares’ efforts could pave the way for the approval of a spot Solana ETF soon, should the regulatory landscape continue to shift toward digital assets.
While there is still no official decision regarding these spot ETFs, the recent filings signal the growing interest in Solana-based investment products. Furthermore, the positive regulatory changes surrounding digital assets have encouraged U.S. issuers to explore other altcoins, including XRP, Litecoin, and Dogecoin, for future ETF products.