VoLatility Shares LLC has decided to introduce two new ETF products following Solana (left) futures. One of the products announced will be the products that reflect the general market conditions and the other will provide leverage position. Both investors and the financial sector closely follow these new developments.
Solana ETF products
Volatility Shares Solana ETF (SOLZ), one of the ETFs to be released, offers the leverage investment opportunity, while watching the futures of solelana, the VoLtility Shares 2x Solana ETF (SOLT). According to a statement, 0.95 %for Solz, 1.85 %management fee for SOLT will be applied. It is noteworthy that the products are the first funds based on the futures of solana.
On the other hand, the start of CME Left Term transactions this week was now the harbinger of the new era for solana. Considering its popularity in crypto money markets, we are talking about a good risk of risk that can get enough corporate interest. The growth potential and the fact that the recent level of ACH remains far below can cause appetite to upward movements.
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Solana expectations
Solana, which has a market value of approximately 66.5 billion dollars, stands out as the sixth largest crypto asset. Solana, which has increased by 6 %in the last 24 hours, is moving parallel to the dynamics of the general crypto market. These new ETFs are expected to contribute directly to Solana, the Spot ETF approval process.
The previous statements of the SEC indicate that it is important to find a solid futures market to approve spot products.
SEC Officials: “It is necessary to see a futures market established to confirm the Spot product.”
Following the launch of spot products last year, other organizations such as Grayscale, Franklin Templeton and Vaneck have sole Spot ETF applications. In this context, it is stated that the expectations of the market are high.
Bloomberg Intelligence ETF analysts: “In the light of current data, solana spot ETF applications are likely to be approved by 75 %.”
The introduction of new ETFs to the market coincides with a period in which SEC approval processes will be effective. When the approval process of the presidential candidate Paul Atkins is completed, the final decision is expected to be made. As a matter of fact, at the end of the year, the final decision date will be expired. It is thought that the approval for Atkins will come until June.
These products, which are released, may contribute to the creation of the necessary floor for Spot product approvals as well as being included in the futures market of Solana. Investors may have to closely follow the next steps of regulatory institutions when evaluating factors such as management fees and leveraged position possibilities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
