A New Breath for Solana ETF: Listing Supported Price Recovery! - Coin Bulletin

robot
Abstract generation in progress

Listing the Solana futures ETFs issued by DTCC Volatility Shares brought a new breath to the market and supported the slight recovery that Solana (SOL) experienced on Thursday.

The newly listed Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ) have emerged as the first structured investment vehicles for investors looking to access the Solana futures market.

Being on the Depository Trust & Clearing Corporation's (DTCC) platform means that these ETFs are suitable for settlement and reconciliation through the central infrastructure of the US financial system. However, regulatory uncertainty risk continues as this listing does not imply approval by the US Securities and Exchange Commission (SEC).

Volatility Shares applied to the SEC for three Solana-focused ETFs last December. In addition to the two ETFs listed on DTCC, the company is also awaiting approval for the -1x Solana ETF that will trade in the opposite direction. This inverse ETF aims to profit from falling prices in the Solana futures market.

This development has sparked speculation among market participants due to the absence of Solana futures contracts on exchanges regulated by the Commodity Futures Trading Commission (CFTC) during the application process. However, Bloomberg ETF analyst Eric Balchunas noted that this listing is a strong indication that Solana futures contracts will be launched soon.

While the Solana market remains vulnerable to downward risks, these ETFs may stabilize SOL price by increasing institutional participation, provided that regulatory uncertainties are resolved and overall market sentiment improves.

SOL4.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Crypto_Boyzvip
· 04-02 11:10
how did you do it with ai
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)