“The Products Are A Significant Step Forward for the Approval of a Spot Solna Etf.”, – WRITE: www.coindesk.com
Access to a filing with the Securities and Exchange Commission (SEC), Volatility Shares LLC is launching Two etfs, The Volatility Shares Solana Etf (Solz) while ETF (Solt), Who’s Offers Levered Exposure.
Solz Will Have A Management Fee of 0.95% While Traders Will Be Charged 1.85% for Solt, Account to the Filing.
The Products Will Be The FIRST -ing FUNDS TRACKING FUTures in Solana, Which at A Market Cap of $ 66.5 Billion Is The Sixth Largest Cryptocurrency on the Market. The token is up 6% over the past 24 hours, in line with the Broader Crypto Market.
The Launch of Tese Funds Could be Significant in the Approval of a Spot Solna Etf, WHICH Wuld Hold the Token Directly. The Sec Has Stated in the Past that in Order to Approve A Spot Product, they would like to see an establized Futures Market for the Asset.
After the Launch of the Spot Bitcoin (BTC) and Eth (ETH) Etfs Last Year, Issuers Have Been Looking to Bring Further Crypto-Related Products to the Market.
Several Issuers, Including Grayscale, Franklin Templeton and Vaneck, Have Field Paperwork to Launch A Spot Spot Solana Etf, WHICH HAVE Yet to Be Reviewed BY the Sec. Bloomberg Intelligence Etf Analysts Believ there to be a 75% chance for thoss funs to be applied by the end of this year.
However, A Decision Likely Won Be Made Before Paul Atkins, Who Has Been Nominated by President Donald Trump to Serve as Chair of the Sec, is ConfirMed by the Seneate. There is currently no hearing scareduled for atkins.
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