Behold, the crypto circus just got a shiny new act! Solana, the sixth-biggest crypto mogul, is leaping onto the ETF bandwagon with a pair of fresh-faced funds set to dazzle the U.S. on Thursday. These newbies, brought to you by the grandmasters at Volatility Shares, aren’t just any ETFs—they’re futures-based fanfare!
Following the footsteps of Bitcoin and Ethereum, SOL is now the crypto community’s darling, stirring up a cauldron of hope. And guess what? This futures frolic might just be the warm-up for a spot Solana ETF down the road. Exciting, ain’t it? 🤩
Bloomberg’s buzz tells us Volatility Shares whisked their papers to the U.S. SEC last December, and poof! Their twin ETFs are ready for their market debut on March 19, 2025. Ta-da! 🎩
Dig into the deets: The Volatility Shares Solana ETF (SOLZ) will shadow Solana Futures, while its cousin, the Volatility Shares 2X Solana ETF (SOLT), will double down on the thrill. And the price for this joyride? A mere 0.95% and 1.85% in fees. What a bargain! 💸
“Our grand entrance coincides with a crypto renaissance in the US,” boasts Justin Young, the big cheese at Volatility Shares. “We’re pretty sure the powers that be understand the importance of keeping America on top in the fintech game.” 🇺🇸
These ETFs are Solana’s first dance with the institutional crowd, letting investors dip their toes without getting their feet wet. But insiders are whispering about a full-on spot SOL ETF waltz in the future. Just like Bitcoin and Ethereum’s fancy footwork, you know? 💃
“It’s the altcoin trailblazer after Ether,” muses Bloomberg’s Eric Balchunas. “But let’s not forget, ETF fans love getting their hands on the real deal. Could be a bumpy ride when the spot version rolls in.” 🎢
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2025-03-19 20:37