Ah, the sweet scent of progress wafts through the air as the Depository Trust & Clearing Corporation (DTCC) officially lists the first Solana futures ETFs from Volatility Shares. 🌟💸
Two ETFs from Volatility Shares have entered the market: SOLT as the Volatility Shares 2x Solana ETF and SOLZ as the Volatility Shares Solana ETF. The Volatility Shares submitted their initial SEC filing in December 2024, but market doubts emerged about their launch because no regulated Solana futures market existed. 🤔
The introduction of CFTC-regulated Solana futures contracts by Coinbase Derivatives LLC solved the regulatory concerns that prevented the launch of these products. DTCC’s listing streamlines clearing and settlement but the process does not receive formal SEC approval. 📜
The increasing institutional focus on Solana demonstrates through this action that a spot Solana ETF could become possible in the future. The product filing process for a Solana ETF has been initiated by multiple firms including VanEck, 21Shares, Bitwise and Canary Capital. 📈
A CME Group website mistake revealed that Solana and XRP futures could launch on February 10 but CME Group denied the information. CME denied the leaked information about future plans by claiming it was a website error which created confusion about their intentions. 😜
The crypto market volatility caused Solana to experience a 5% price decline which reduced its value to $137.68. Investors will monitor Solana ETF approval developments because they could lead to increased adoption of the platform. 📉
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2025-02-27 10:44