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Volatility Shares is launching two Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow" target="null">SOL</a>) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20.
According to the Securities and Exchange Commission <a href="https://www.sec.gov/Archives/edgar/data/1884021/000121390025023828/ea0234228-01_ex99d2.htm" rel="noopener noreferrer nofollow" target="null">filing</a>, SOLZ will feature a management fee of 0.95% until June 30, 2026, when the management fee will increase to 1.15%.
Volatility Shares’ 2X Solana ETF gives investors twice the leverage and will feature a 1.85% management fee.
<figure><img alt="Futures, Solana, ETF" src="https://s3.cointelegraph.com/uploads/2025-03/0195afd0-f397-7d7c-aefb-7216bdd261c7" title="">
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 Volatility Shares Solana ETF SEC filing. Source: <a href="https://www.sec.gov/Archives/edgar/data/1884021/000121390025023828/ea0234228-01_485bpos.htm" rel="noopener noreferrer nofollow" target="_blank">SEC</a>
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The filings represent the first Solana-based ETFs in the US and follow the Chicago Mercantile Exchange (CME) Group’s <a href="https://cointelegraph.com/news/solana-futures-finish-first-day-of-listing-on-cme" rel="noopener noreferrer nofollow" target="null">debut of SOL futures contracts</a>.
Following a <a href="https://cointelegraph.com/news/sec-chair-gary-gensler-step-down" rel="noopener noreferrer nofollow" target="null">leadership change at the SEC</a> and the <a href="https://cointelegraph.com/news/live-countdown-us-elections-2024-crypto-industry" rel="noopener noreferrer nofollow" target="null">reelection of Donald Trump</a> as president of the United States, asset managers and ETF firms have submitted a torrent of ETF applications to the SEC for approval.
Related: <a href="https://cointelegraph.com/news/solana-five-year-birthday-anniversary-key-events-achievements" rel="noopener noreferrer nofollow" target="null">Solana’s 5th birthday: From pandemic origins to US crypto stockpile</a>
<h2 id="cme-group-debuts-sol-futures">CME Group debuts SOL futures</h2>
SOL futures went live on March 17 with a <a href="https://cointelegraph.com/news/solana-cme-futures-volumes-reach-12-1-m-was-the-launch-a-dud-or-is-more-to-come" rel="noopener noreferrer nofollow" target="null">trading volume of approximately $12.1 million</a> on the first day.
For context, Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null">BTC</a>) futures debuted at over $102 million in volume on the first day of trading, and Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null">ETH</a>) futures garnered over $30 million the day they launched.
Despite the relatively low volume, SOL futures contracts could help boost demand for the cryptocurrency from institutional investors and encourage price discovery.
<figure><img alt="Futures, Solana, ETF" src="https://s3.cointelegraph.com/uploads/2025-03/0195afd3-9a69-7fcf-a65b-a568d6988fa5" title="">
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 SOL futures volume and open interest. Source: <a href="https://www.cmegroup.com/markets/cryptocurrencies/solana/solana.volume.html#tradeDate=20250318" rel="noopener noreferrer nofollow" target="_blank">Chicago Mercantile Exchange</a>
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The launch of SOL futures <a href="https://cointelegraph.com/news/sol-cme-futures-tip-impending-us-etf-approval-exec" rel="noopener noreferrer nofollow" target="null">signaled the approval of SOL ETFs</a> in the United States as financial regulators embrace digital assets amid a policy pivot.
According to Chris Chung, founder of Titan — a Solana-based swap platform — the CME’s futures indicate that SOL is now a mature asset capable of attracting institutional interest.
Chung added that the launch of SOL futures and ETFs position Solana as a blockchain network poised for real-world use cases such as payments, not just a memecoin casino.
ETFs could also allow investor capital to flow into SOL, creating a sustained rally in the altcoin that competitors lacking an ETF might miss out on.
The launch of Bitcoin ETFs in 2024 is widely believed to have siloed institutional capital away from the rest of the crypto market, <a href="https://cointelegraph.com/news/altseason-bitcoin-etf-crypto-investment" rel="noopener noreferrer nofollow" target="null">preventing capital rotation from BTC into altcoins</a> and upending altseason.
Magazine: <a href="https://cointelegraph.com/magazine/beyond-peak-memecoin-solana-100x-better-despite-revenue-plunge/" rel="noopener noreferrer nofollow" target="null">Memecoins are ded — But Solana ‘100x better’ despite revenue plunge</a>

Volatility Shares launching Solana futures ETFs March 20

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