## Exciting News from the DTCC: Solana Futures ETFs Listed!
The Depository Trust & Clearing Corporation (DTCC), the largest settlement and clearinghouse in the U.S., has made a significant move by listing two proposed Solana futures exchange-traded funds (ETFs). This is a landmark moment as it introduces the first SOL-based investment products to DTCC’s roster. The Volatility Shares 2x Solana ETF and the Volatility Shares Solana ETF were added to DTCC’s list on Wednesday, identified by the tickers SOLT and SOLZ, respectively.
Back in December, Volatility Shares submitted applications for three new ETFs designed to provide investors with exposure to Solana futures contracts, featuring leverage options of 1x, 2x, and -1x. However, the -1x Solana ETF, which would offer inverse exposure, did not make it onto the DTCC list. According to Volatility’s prospectus, these funds will invest in contracts traded on exchanges registered with the Commodity Futures Trading Commission (CFTC). While there were no Solana futures contracts available on CFTC-regulated exchanges at that time, Coinbase’s derivatives arm launched futures contracts for Solana earlier this month, which are indeed regulated by the U.S. Commodity Futures Trading Commission.
In a positive note, Bloomberg ETF analyst Eric Balchunas pointed out that Volatility’s futures-based filings “bode well” for the prospects of a spot Solana ETF receiving approval. He did clarify, however, that the listing does not imply that the funds have obtained SEC approval or are ready for trading just yet. Still, it does suggest that issuers are gearing up for trading.
## Are SOL ETF Approvals on the Horizon?
The U.S. Securities and Exchange Commission has recently acknowledged spot Solana ETF applications from several potential issuers, including 21Shares, Bitwise, Canary, and VanEck. This recognition indicates significant progress toward possible approvals. If these Solana ETFs receive the green light, they would greatly expand access to digital asset-focused products.
Since their approvals last year, spot Bitcoin and Ethereum ETFs have seen remarkable success, allowing traditional financial institutions to invest billions in the leading cryptocurrencies and driving crypto markets upward. Balchunas has estimated a 70% chance that Solana ETFs will be approved by 2025.
In recent weeks, there has been a surge of filings for spot crypto ETFs based on various altcoins, including Ripple’s XRP, Dogecoin, and Litecoin, spurred by the more crypto-friendly policies of the new Donald Trump administration. These applications could broaden the investment options available to both retail and institutional investors, extending beyond just Bitcoin and Ethereum in the U.S.
