The two ETF futures on Solana (SOLZ and SOLT) by Volatility Share will be launched on the market this week. Meanwhile, the crypto SOL records a price pump of almost 9% in the last 24 hours.
ETF futures on Solana by Volatility Share are coming this week to the markets
According to a filing with the United States Securities and Exchange Commission (SEC), Volatility Shares LLC is launching two Solana futures ETFs.
This is the Volatility Shares Solana ETF (SOLZ) which will track Solana futures and the Volatility Shares 2X Solana ETF (SOLT), which offers leveraged exposure.
These products are the first of their kind, namely funds that track Solana futures.
The document states that the SOLZ will have a management fee of 0.95%, while for the SOLT traders will have to pay 1.85%.
Experts predict that the approval for a spot Solana ETF in the USA may also depend on a consolidated futures market. In this regard, there is talk of this same week as the launch date on the market for the two Solana futures ETFs SOLZ and SOLT.
In this sense, analysts also estimate that there is a 75% chance that the spot Solana ETFs in the hands of the SEC, like the one from VanEck, will be approved by the end of the year.
ETF futures on Solana: the crypto SOL is in a bull pump of +9% in the last 24 hours
The news regarding the launch of the first two futures ETFs on Solana seems to have triggered the market in general.
In fact, at the time of writing, the price of SOL is in a pump of almost +9% compared to 24 hours ago. SOL is worth $134.80, highlighting a great recovery considering that just two days ago, the sixth crypto by market cap was worth $122.
The trading volume of SOL in the last 24 hours is also registering a good increase of +65%.
Despite this positive trend, the current price of SOL is still very far from the $260 reached last January 23, 2025.
The revelation of the CEO on the controversial advertisement spot
Another piece of news that emerged this week regarding Solana was the release of an advertisement that sparked various criticisms among the public. In fact, at the beginning of this week, Solana decided to remove this advertisement published on its X account, without making any statement about it at that time.
In practice, the announcement was used to promote the Solana Accelerate Conference and was removed after reaching over 1.2 million views. It featured an advertising video lasting over 2 and a half minutes and showed a man representing “America,” engaged in a therapy session.
During his dialogue with the therapist, the protagonist expressed thoughts related to technological innovation, mentioning the crypto world. The strong controversies were sparked by the psychologist’s responses who, in the video, suggested the patient focus on other things like “inventing a new genre” or “concentrating on pronouns.”
In this regard, yesterday the CEO of Solana, Anatoly Yakovenko, decided to comment on the spot as follows:
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“The announcement was terrible and it still eats away at my soul. I am ashamed of having downplayed it instead of calling it what it is, namely mean and punitive towards a marginalized group. I am grateful to the developers and artists in the ecosystem who immediately called it what it is, both publicly and privately. You are the only positive aspect of this whole mess. I will do everything possible to ensure that the Solana Foundation remains focused on its mission of decentralization and open-source software development and stays out of cultural wars.”
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