The traditional public markets officially have exposure to something new: Solana futures.
What’s happening:
- Asset management company Volatility Shares has officially listed the first ever Solana futures ETFs on the Nasdaq
Why it matters:
- This is the first time ever that there have been ETFs trading on a major stock exchange in the United States that offer exposure to Solana derivatives trading
Going deeper:
- Volatility Shares Solana ETF (NASDAQ: SOLZ) directly tracks Solana futures trading and Volatility Shares 2x Solana ETF (NASDAQ: SOLT) provides leveraged exposure to Solana futures trading
- Solana futures and derivatives trading has been accelerating of late, which has been fuelled in large part by the high volatility of Solana and major digital asset exchanges such as Coinbase (NASDAQ: COIN) rolling out Solana futures trading for the first time ever to residents of the United States of America
The fine print:
- These new ETFs from Volatility Shares are not spot Solana ETFs and do not directly hold any Solana as an asset
