Volatility Shares has filed for a Solana futures ETF with the SEC, even though there are currently no SOL futures contracts in existence. Analysts believe this filing is a positive sign for the approval of spot Solana ETFs in the future. Volatility Shares previously argued for the approval of its leveraged bitcoin futures ETF over Grayscale's spot bitcoin ETF, and now it aims to introduce a nonconsensus product in the Solana ETF space. The filing suggests that SOL futures contracts are likely on the horizon. Regulators may be more inclined to approve spot ETFs if there is a healthy and liquid market for SOL trading, as demonstrated by the approval of bitcoin and ether ETFs following the introduction of CME futures trading. Although futures were previously considered a prerequisite for crypto ETFs, the landscape has shifted, especially with the potential change in SEC chair. Despite the lack of futures, multiple firms have filed for spot SOL ETFs in recent months. However, the addition of a futures market could improve the chances of spot SOL ETF approval.



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