Volatility Shares , a Delaware statutory trust, has caught the crypto community’s attention with its bold step. Earlier today, the company proposed launching futures-based Solana (SOL) exchange-traded funds (ETFs). The proposal document was submitted to the U.S. Securities and Exchange Commission (SEC). This bold attempt is poised to provide traders with an innovative way to bet on Solana’s (SOL) price movements, allowing for both upside and downside exposure. A New Era for Solana in the Futures Market Volatility Shares is gearing up to launch a new set of futures-based ETFs centered around Solana (SOL). The proposed ETFs will feature leveraged options, including 1x, 2x, and -1x inverse exposure to Solana futures. This could allow investors to capitalize on price fluctuations in both directions. This is a bold move, as it opens up more ways to trade SOL. Allowing investors to interact with futures contracts provides an alternative to directly owning the digital asset. These ETFs will primarily focus on near-term and next-term Solana futures. It will offer 100% exposure to Solana’s performance through regulated futures contracts. The collateral is reportedly in cash, cash equivalents, and top-tier securities. This ensures the ETFs offer a secure and structured approach to tapping into Solana’s price swings. Volatility Shares’ Push for Crypto ETFs This is not Volatility Shares’ first venture into the crypto futures ETF space. The firm previously contributed to the launch of Ethereum (ETH) futures ETFs. This showcases its experience and commitment to bringing more crypto-based investment products to market. This Solana proposal is essential to a broader acceptance of crypto futures in traditional financial markets. Market analyst Eric Balchunas highlighted the importance of this move. He suggested it could set the stage for a spot for Solana ETF approval . However, he noted Litecoin and HBAR ETFs might see approval before Solana does, signaling a shifting momentum within the SEC’s stance on crypto. Is Solana Ready to Shine Again? This proposal is not just another ETF for the crypto space; it could pave the way for broader adoption of Solana. Solana’s price has been in a phase of stagnation, trading sideways since mid-November. Meanwhile, digital tokens such as Binance’s BNB and Ripple’s XRP have overtaken it in market rankings. Many speculate that approving a Solana spot ETF could trigger a major surge for SOL. Some analysts are predicting the asset’s price to hit $1,000. Solana’s price is currently down 2.13% in a single day, trading by $186.43 as per CoinMarketCap data. However, the future could be brighter, especially with Solana’s track record of rebounding after rough patches. The post Volatility Shares Make Bold Bet With New Solana Futures ETF Bid appeared first on TheCoinrise.com .
