In a curious move, Volatile Equity, an asset manager, has signed up for three new ETFs with exposure to Solana futures contracts offered on CFTC-regulated exchanges. But currently there is no such product in the market.
the fund notebook It explains that the fund invests in contracts that are “traded only on an exchange traded on the Commodity Futures Trading Commission (CFTC),” despite the fact that neither such a product nor a Solana ETF currently exists.
“It's wild,” Bloomberg ETF analyst Eric Balchunas wrote in response to the filing on X. Balchunas said the filing “…is a good sign that Solana futures are (coming) which is certainly good for the chances (of ETF approval).”
Head of ETF Store Nate Geraci calledspeculating that the filing could mean “…the CFTC may be winning the power struggle (with the SEC) over digital asset regulation.”
Some crypto industry experts think Solana It could be the next asset to get approval for a spot ETF, although others have done so They put their hope in XRP or other digital assets
The previous volatility stock Launches First Leveraged Bitcoin Futures ETF In June 2023, before launching a ETF 2 times Ether A year later other asset managers followed suit Setting up leveraged funds.
The new file joins a score Recently announced funds Who is looking to invest on Growing passion around digital assets from traditional institutional traders.
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