28.02.2025 11:25
Significant progress has been made in the world of cryptocurrencies regarding altcoin ETFs. The Solana futures ETFs, added to the DTCC list under the ticker symbols SOLZ and SOLT by Volatility Shares, signal an improvement in the regulatory environment not only for the Solana ecosystem but also for other altcoins in the cryptocurrency market.
The Solana futures ETFs proposed by Volatility Shares have made their way onto the Depository Trust and Clearing Corporation (DTCC) list. This development marks them as the first Solana-based products to be included in the DTCC's list of funds. The acceptance of spot Solana ETF applications from multiple issuers by the U.S. Securities and Exchange Commission (SEC) and positive changes in the regulatory environment are opening the doors to a new era in the crypto ETF market. This development is noteworthy as it follows Coinbase's launch of Solana futures contracts on its derivatives exchange, which is subject to CFTC regulation.
The Crypto ETF Market Expands with Solana Futures Products
Two proposed Solana futures exchange-traded funds have been added to the list held by DTCC, a registered securities clearing company with the SEC. The Volatility Shares Solana ETF and another Volatility Shares Solana ETF have appeared on the DTCC list.
Late last year, Volatility Shares applied for three new Solana ETFs that would provide investors with exposure to Solana futures contracts with 1x, 2x, and -1x leverage options. The company's prospectus stated that the funds would invest in contracts traded on exchanges registered with the U.S. Commodity Futures Trading Commission (CFTC).
ETF Analyst Eric Balchunas mentioned in December that Volatility's applications were a "good sign" for the likelihood of spot Solana ETF approval. Earlier this month, the SEC accepted spot Solana ETF applications from multiple issuers, including 21Shares, Bitwise, Canary, and VanEck.
It is emphasized that being listed on the DTCC does not mean the funds are ready for trading, but it is a development indicating that issuers are preparing for trading. In the case of VanEck's spot Ethereum ETF, the fund began trading on Cboe about two months after being listed on the DTCC in May 2024.
Following the positive shift in the stance of regulatory bodies in the cryptocurrency sector, U.S. issuers are working to launch investment products based on other altcoins, including XRP, Litecoin, and Dogecoin.