Volatility Shares will debut two exchange-traded funds (ETFs) tracking Solana futures on the Nasdaq, confirmed by company co-founder and CEO Justin Young. The Volatility Shares Solana ETF (SOLZ) will track the price of Solana futures, while the Volatility Shares 2x Solana ETF (SOLT) will offer amplified returns. Both funds will begin trading following Solana futures' recent launch on the Chicago Mercantile Exchange, which generated $12.3 million in notional daily volume. This debut suggests a regulatory shift, acknowledging Solana as a commodity amidst ongoing SEC reviews of several asset managers’ applications for spot Solana ETFs. Although the Volatility Shares filed for a futures-based Solana ETF in December, approval remains uncertain due to potential regulatory challenges. The launch of Solana futures is likened to the initial rollouts of Bitcoin and Ethereum futures, signaling promising engagement from investors despite initial volume being lower compared to crypto giants. Market sentiment around Solana futures remains cautious due to evolving regulatory landscapes, alongside broader economic uncertainties.

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