The cryptocurrency market has taken a new step with the launch today of the first ETFs based on Solana's term contracts. Volatility Shares, an investment company known for its financial products linked to cryptocurrencies, introduced 2 ETF, the volatility Shares Solana Etf (Solz) and the Volatility Shares 2x Solana Etf (Solt).
ETF Solana Futures: to an ETF Spot for Solana?
With the launch of Futures ETF on Solana today, via the Volatility Shares investment company, Investors have the choice among 2 ETFs. The first (Solz) offers a standard exhibition in Solana, while the second (Solt) offers an exhibition with a lever of 2x, thus doubling potential gains, but also losses.
The introduction of ETFs in the long term could open the way to an ETF SPOT Solanawhich would make it possible to expose themselves directly to the ground. The Securities and Exchange Commission (SEC) has historically demanded the existence of a long -term market before approving an ETF Spot, as was the case for Bitcoin and Ethereum.
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Important asset managers, such as Franklin Templeton, Vaneck and Grayscale have submitted files for the approval of ETF Solana Spot. According to experts, These funds have 75 % chance of obtaining a green light from the dry before the end of the year.
The ETF Solana Futures follow the Solana's term contracts which were put into service on March 17 With a trading volume of around $ 12.1 million During their first day. For comparison, the launch of future bitcoin had recorded more than $ 102 million in transactions from the first day, and those of Ethereum had exceeded $ 30 million.
If these figures are lower than Bitcoin and Ethereum launches, They still bear witness to an interest in institutionals for Solana. The latter, with a soil price of $ 134 and a market capitalization of around 68 billion dollars, is now positioned as the 6th largest cryptocurrency.
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Simplified access for investors
For Justin Young, the CEO of Volatility Shares, The main objective of these new ETFs is to facilitate investors' access to Solana without the technical constraints usually associated with cryptocurrencies:
“Until now, obtaining exposure to Solana has been complex, between technical requirements, security problems and others. With ETF Solz and Solt, we delete these barriers. »»
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Solana's institutional adoption could accelerate thanks to these new financial products. By allowing investors to expose themselves to this cryptocurrency via regulated instruments And easy to access, Solana could see its place strengthened in the landscape of cryptos at the same time.
Say goodbye to low returns: invest in ETF
Source: dry
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Maxime discovered the world of finance and very young investment before launching from the age of 18 years. His passion for financial assets and new opportunities offers him a good vision of the current economy as well as emerging trends.
Maxime Montlet
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