The Depository Belief & Clearing Company (DTCC) has listed the primary Solana futures ETFs from Volatility Shares — the Volatility Shares 2x Solana ETF (SOLT) and the Volatility Shares Solana ETF (SOLZ).
Being added to the DTCC implies that these ETFs are eligible for clearing and settlement by way of this central infrastructure, which is crucial for environment friendly and dependable buying and selling. Nonetheless, the itemizing doesn’t equate to SEC approval of the funding merchandise.
Final December, Volatility Shares, specializing in exchange-traded funds (ETFs) targeted on volatility-based funding methods, filed with the SEC for 3 new ETFs that might observe Solana futures contracts.
Along with the 2 merchandise listed on DTCC, the agency can also be looking for regulatory approval for its -1x Solana ETF, which might supply inverse publicity, gaining worth when Solana futures contracts decline.
The transfer sparked curiosity since there have been no Solana futures contracts obtainable on CFTC-regulated exchanges on the time.
Nonetheless, in line with Bloomberg ETF analyst Eric Balchunas, it was a powerful indication that Solana futures have been coming quickly.
Earlier this month, Coinbase Derivatives LLC launched CFTC-regulated Solana futures contracts. These contracts are seen as an essential step in direction of potential approval of Solana ETFs sooner or later.
Coinbase’s launch got here after a leaked Chicago Mercantile Alternate staging web site instructed XRP and Solana futures might begin buying and selling on February 10, pending regulatory approval.
CME Group, nevertheless, clarified that no official determination has been made concerning these contracts. A CME spokesperson attributed the leak to an “error” and famous that they’re nonetheless within the analysis section of those potential merchandise.
The supply of regulated Solana futures contracts supplies institutional traders with a safer and structured option to commerce Solana, bridging the hole between conventional finance and the crypto market.
The potential approval of a Solana leveraged ETF might improve the chance of a spot Solana ETF being accredited sooner or later.
The SEC has confirmed receipt of a number of filings for spot Solana ETFs from 21Shares, Bitwise, Canary, and VanEck.
