An upstart ETF firm is debuting the first-ever funds tracking futures in Solana, the sixth-largest cryptocurrency, after the blockbuster success of Bitcoin products.
Florida-based Volatility Shares LLC is launching a pair of funds tracking Solana futures Thursday, according to an effective registration statement. The products will be the first of its kind to offer exposure to Solana, which has a market value of around $67 billion.
The Volatility Shares Solana ETF (ticker SOLZ) will track Solana futures while the Volatility Shares 2X Solana ETF (SOLT) will offer twice the leveraged exposure. The firm first submitted paperwork to the
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