The Crypto industry is set to debut the first Solana Futures Exchange-Traded Fund (ETF), a key development that could pave the way for the first Solana Spot ETF, as the “next logical step” for Crypto-based trading products, according to industry watchers.
Volatility Shares will launch two Solana (Sol) Futures ETFs, Volatility Shares Solana ETFs (Solz) and Volatility Shares 2x Solana ETFs (SOLT) on March 20th.
According to Ryan Lee, chief analyst at Bitget Research, the debut of the first Solana Futures ETF could result in a significant new institutional adoption of Sol Token.
Volatility shares the Solana ETF SEC filing. Source: Sec
The analyst told Cointelegraph:
“The launch of the first Solana ETF in the US could significantly increase Solana’s market position by increasing demand and liquidity for SOL, potentially narrowing down the gap with Ethereum’s market capitalization.”
The Solana ETF “will expand institutional adoption by providing a regulated investment vehicle, attracting billions of capital and enhancing Solana’s competitiveness against Ethereum,” Lee said, adding that “it remains a scary barrier to Ethereum’s entrenched ecosystem.”
Still, participants in other industries are concerned that Solana Futures ETF will lead to investors’ disappointment due to the lack of influx, as predicted by Bloomberg senior ETF analyst Eric Baltunas, as seen in the launch of Spot Ether ETF, which was seen in the launch of Spot Ether ETF.
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Solana Futures ETF may see a disappointing influx, but spot Solana ETF may be next
The Futures ETF may not bring about a major influx, but it justifies Solana’s position, especially after US President Donald Trump announced that it would include Solana in his working group on digital assets to include Cardano (ADA) Token and XRP (XRP).
“The Solana ETF is still moving,” said Anmol Singh, co-founder of Bullet, a permanent future distributed exchange for Solana Native.
Singh told the Cointelegraph:
“The Solana Spot ETF is not yet approved, but given the growing awareness of Solana and Futures ETF, this is a logical next step.”
“We may expect moderate inflows into futures ETFs — SpotETFs are a better way to get exposure in the general public, and that will be a major milestone,” he added.
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According to a JPMorgan report seen by CointeLegraph, futures ETF adoption rates are difficult to measure, but Solana ETFs could attract a net worth of between $3 billion and $6 billion in the first six months, overturning the adoption rates of ether ETFs.
SOL and XRP ETPS could attract between $3-8 billion. Source: JP Morgan
“If you apply these so-called ‘adoption rates’ to Sol and XRP, you can see that SOL is gathering net worth of around $3 billion to $6 billion and XRP is gathering net worth of $4 billion to $8 billion,” the report said.
However, “The Timeline could be extended to 2026 with precedents of SEC acquisition (…) filing for 240-260 days,” Bloomberg Intelligence Analyst James Sefert said on January 16th.
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