DTCC Welcomes Solana Futures ETFs to Its Asset List

The proposed Volatility Shares futures SOL-ETF has made its debut on the DTCC asset list, marking the first investment tools linked to Solana. Typically, a similar process preceded the launch of such products.

In the case of the VanEck spot Ethereum-ETF, trading commenced on the CBOE approximately two months after the product appeared on the DTCC list in May 2024.

At the end of last year, Volatility Shares submitted a request for three new SOL-ETFs featuring leverage options of 1x, 2x, and -1x, but the -1x leveraged SOL-ETF did not make it onto the DTCC list.

The Volatility Shares Solana ETF and the Volatility Shares 2x Solana-ETF are represented by the tickers SOLZ and SOLT, respectively.

These products will invest in contracts traded on regulated CFTC exchanges, including one on Coinbase.

In December, Bloomberg analyst Eric Balchunas noted the “good chances” for the approval of a spot SOL-ETF in light of the Volatility Shares initiative.

On February 7, the SEC accepted the NYSE Arca’s 19b-4 request to amend rules allowing for the listing of the Grayscale Investments’ Solana-based spot ETF.

The agency is also reviewing applications from 21Shares, Bitwise, Canary, and VanEck.

On February 21, DTCC added the spot Litecoin ETF from Canary Capital to its website.

Previously, Balchunas and his colleague James Seyffart estimated a 65-90% chance of approval for ETFs based on Litecoin, Dogecoin, Solana, and XRP by October.

On February 25, Bitwise established the Bitwise Aptos ETF in Delaware, preparing to file a registration application (S-1) with the SEC.

In November, the company launched an Aptos Staking ETP on six Swiss exchanges, with a similar product introduced by 21Shares around the same time.

In January, Bitwise registered the Bitwise Doge ETF in Delaware.

On February 11, NYSE Arca filed a 19b-4 application to convert the Grayscale Cardano Trust into an ETF.

On February 20, the SEC agreed to consider a proposal to re-register the Grayscale XRP Trust as an ETF.

Tuttle Capital Management has submitted a proposal to the SEC for launching ten crypto-ETFs with 2x leverage, including those based on TRUMP and MELANIA coins. Other products are linked to Bonk, BNP, and Chainlink.

The regulator is also examining requests to include physical asset redemption in BTC-ETF and ETH-ETF, as well as the integration of staking into ETH-ETF.

To remind, Hester Peirce, who leads the SEC’s targeted crypto group, indicated that a priority for the structure is to clarify which assets are not considered securities and develop an accessible procedure for registering new tokens.