New Solana ETFs Launch from VolShares

According to a recent Bloomberg report, Florida-based Volatility Shares LLC is set to launch two ETFs on Thursday.

As reported by Bloomberg, Florida-based firm Volatility Shares LLC is set to introduce a pair of exchange-traded funds on Thursday. These ETFs will closely track futures tied to the Solana cryptocurrency.

The upcoming ETFs from VolShares will be the first of their kind in the U.S. to directly follow futures contracts on Solana. This new offering provides an interesting avenue for investing in the cryptocurrency.

Both ETFs will be tracking futures on Solana. One ETF will be offering 2x leverage, essentially a Solana version of the well-known BITO and BITX funds.

This news was shared by Eric Balchunas, an analyst at Balchunas follows the U.S. ETF market closely and has been eagerly awaiting the launch of Solana ETFs. Back in January, the firm had applied to introduce an ETF that would provide 2x leverage for futures on Solana.

Earlier this week, a report by blockchain analytics firm Lookonchain revealed that Bitcoin ETFs experienced substantial inflows, while Ethereum ETFs saw significant outflows.

According to Lookonchain’s data, 10 Bitcoin ETFs had a net inflow of 2,472 BTC, amounting to $208.4 million. Among them, iShares (BlackRock) saw the largest addition with 2,660 BTC, bringing its total to 570,582 BTC (nearly $48.11 billion).