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Solana-Based ETFs Appear on DTCC Fund List as SEC Reviews Spot Filings
The market has been abuzz with the recent listing of Volatility Shares 2x Solana ETF, trading under the ticker symbols SOLZ and SOLT respectively. These ETFs provide investors with exposure to Solana futures contracts, offering both standard and leveraged options. The listing on the Depository Trust & Clearing Corporation (DTCC) ensures that these ETFs are eligible for clearing and settlement through its central infrastructure, streamlining the trading process.
In related news, earlier this month, the Securities and Exchange Commission (SEC) acknowledged spot Solana ETF filings from multiple issuers, including 21Shares, Bitwise, Canary, and VanEck. This acknowledgment is a crucial step towards potential approval, as it indicates that the SEC is actively reviewing these filings.
The listing of Solana futures ETFs on the DTCC and the SEC’s review of spot Solana ETF filings represent significant steps forward for the crypto market. The latter development is particularly noteworthy, as Coinbase’s recent launch of CFTC-regulated Solana futures contracts addresses the previous lack of a regulated market for Solana futures.
As the regulator continues to evaluate these products, the potential approval of spot Solana ETFs could pave the way for increased adoption and investment in Solana. Investors and market participants are closely watching these developments, anticipating the impact they will have on the broader crypto ecosystem.
It is essential to note that Coinbase’s role in the Solana futures market has been instrumental in boosting confidence in the space. The launch of regulated Solana futures contracts offers institutional investors a safer and more organized method to trade Solana, thereby connecting traditional finance with the crypto market.
In conclusion, the recent developments surrounding Volatility Shares 2x Solana ETFs and SEC spot filings are significant indicators of growing institutional interest and regulatory progress in the crypto space.
Source: https://crypto-economy.com/solana-based-etfs-appear-on-dtcc-fund-list-as-sec-reviews-spot-filings/
