Launch of two Solana futures ETFs may pave the way for a spot Solana ETF

From Yahoo Finance: 2025-03-19 15:12:00

Two ETFs tracking futures in Solana (SOL) are launching on Thursday, managed by Volatility Shares LLC. SOLZ will have a 0.95% fee, SOLT 1.85%. Solana, with a $66.5 billion market cap, is the sixth largest cryptocurrency. The approval of these funds could pave the way for a spot Solana ETF.

After the success of spot Bitcoin and Ether ETFs, other issuers like Grayscale and VanEck are looking to launch a spot Solana ETF. Bloomberg Intelligence ETF analysts believe there is a 75% chance of approval by the end of the year. Confirmation of SEC chair nominee Paul Atkins may impact decision timing.

Read more: First Solana Futures ETF to Hit Markets This Week