Two funds negotiated on the stock market (ETF) according to the term contracts on Solana (soil) arrive on the market on Thursday.
According to a file with the Securities and Exchange Commission (SEC), Volatility Shares LLC launches two ETFs, the volatility shares Solana ETF (Solz) which will follow the So Solana contracts and the volatility of the 2x Solana ETF actions (SOLT), which offers exposure with leverage.
Solz will have 0.95% management fees, while traders will be billed by 1.85% for Solt, depending on the file.
Products will be the very first Solana follow-up funds, which, to a market capitalization of $ 66.5 billion, is the sixth largest cryptocurrency on the market. The token is up 6% in the last 24 hours, in accordance with the wider market of cryptography.
The launch of these funds could be significant in the approval of an ETF from Solana Spot, which would hold the token directly. The SEC has said in the past that to approve a cash product, they would like to see a long -term market for the assets.
After the launch of Bitcoin (BTC) and Ether (ETH) ETF last year, the issuers sought to bring other products related to the crypto.
Several transmitters, including Grayscale, Franklin Templeton and Vaneck, have filed documents to launch a Solana Etf spot, which has not yet been examined by the dry. Bloomberg Intelligence ETF analysts believe that these funds are approved by the end of this year.
However, a decision will probably not be made before Paul Atkins, who was appointed by President Donald Trump to be president of the SEC, is confirmed by the Senate. No hearing is currently scheduled for Atkins.
