27-2-2025 – The DTCC has welcomed two groundbreaking Solana futures ETFs from Volatility Shares to its clearing roster. The introduction of SOLT and SOLZ marks a watershed moment, though market observers note this milestone falls short of full SEC endorsement.
These innovative financial instruments emerge against a backdrop of expanding institutional interest in cryptocurrency derivatives. Volatility Shares, renowned for their sophisticated volatility-focused investment vehicles, broadened their horizon in December with an ambitious SEC filing encompassing three distinct Solana-tracking products, including a proposed inverse ETF designed to capitalise on market downturns.
The timing proved particularly intriguing, as the announcement preceded the existence of Solana futures contracts on CFTC-supervised trading venues. However, Bloomberg’s ETF authority Eric Balchunas interpreted this as a harbinger of imminent Solana futures trading opportunities.
This prescient assessment gained credence when Coinbase Derivatives LLC unveiled its CFTC-compliant Solana futures offering earlier this month. The launch followed an inadvertent revelation on CME’s staging platform suggesting potential XRP and Solana futures trading, though CME officials swiftly characterised this as an administrative oversight, emphasising their ongoing evaluation process.
The institutional investment landscape has witnessed mounting interest in Solana-based products, with heavyweight firms including 21Shares, Bitwise, Canary, and VanEck submitting applications for spot Solana ETFs. Industry analysts suggest that the successful launch of leveraged Solana ETFs could pave the way for spot product approvals.
