Bloomberg: Volatility Shares launches new Solana ETFs

Volatility Shares launches new funds (ETFs) tracking Solana contracts, according to an effective registration statement. These funds offer access to the cryptocurrency, which has a market value of around $67 billion, Bloomberg reports.

The organization first submitted paperwork to the US Securities and Exchange Commission to create a Solana-based ETF in December. According to Volatility Shares Director Justin Young, the launch comes at a time of renewed optimism about cryptocurrency innovation in the United States. The company emphasized that President Donald Trump recognizes the strategic importance of maintaining American leadership in financial technology.

Bloomberg Intelligence believes there is a 75% chance that a Solana ETF will be approved this year. 

This digital currency first attracted the attention of investors after being promoted by Sam Bankman-Fried, the CEO of the FTX cryptocurrency exchange. Following the collapse of his project in 2022, Solana's future was called into question. However, since then, the token has regained its position, largely due to its low transaction fees compared to those of its competitors.