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A strange file arrived in the Securities and Exchange Commission's database on Friday.

Volatility shares offered to the Solana Futures ETF, which would issue securities that track the price movements of the underlying SOL futures contracts traded on a CFTC-registered exchange. There's a problem, though: there are no such SOL futures contracts. However, ETF analysts said the filing bodes well for Solana's ETF opportunities It is approved Sometime in 2025.

“Many think so with Paul Atkins As Chairman of the Securities and Exchange CommissionIt will be possible to provide a wide range of products. “This filing appears to be a bet on that,” Bitwise CEO Hunter Horsley said in a direct message.

Volatility stocks He specializes in exchange-traded funds (ETFs) and is based in Palm Beach Gardens, Florida. The small company is arguably still helping to change regulators' top window: grayscale Argue In 2023, Volatility Shares' leveraged Bitcoin futures ETFs were riskier than Grayscale's proposed spot Bitcoin ETFs, so Grayscale's product should be approved.

Now, Volatility Shares is offering another non-consensus product in the Solana ETF space currently built on bets. A Solana futures ETF would give some investors exposure to 2x or the inverse of the daily price change in SOL futures. SOL futures are not currently traded (both bitcoin and ether are traded in futures contracts on the CME), but Bloomberg analyst Eric Balchunas said the filing is probably a good sign that SOL futures are “on the way.”

Regulators are more likely to approve spot ETFs if they see a “healthy market with sufficient liquidity for SOL trading.” Sol Strategies CEO Leah Wald said, noting that bitcoin and ether ETFs were approved by the SEC only after futures trading began on the Chicago Mercantile Exchange.

Conventional wisdom used to believe that futures contracts were necessary prerequisite For crypto ETFs, but that calculus appears to have changed with Trump's electoral victory potentially ending Gary Gensler's term as SEC chairman. At least five companies have Already submitted For spot SOL ETFs over the past six months although there are no futures contracts.

However, the futures market likely will not impact the approval odds of spot SOL ETFs.

“Okay, I've seen enough... Official Prediction Recorded,” Nate Geraci, head of ETF Shop, wrote on X. “Solana spot ETFs will be approved in 2025.”

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