Futures SOL-ETF from Volatility Shares have appeared on the DTCC asset list, becoming the first instruments based on Solana. Previously, this procedure preceded the launch of similar products.

In the case of VanEck’s spot Ethereum-ETF, the fund began trading on CBOE approximately two months after the instrument was added to the DTCC list in May 2024.

At the end of last year, Volatility Shares filed an application for three new SOL-ETF products with leverage options of 1x, 2x, and -1x, but the futures SOL-ETF with a -1x coefficient was not included in the DTCC list.

The funds Volatility Shares Solana ETF and Volatility Shares 2x Solana-ETF are listed under the tickers SOLZ and SOLT, respectively. They will invest in contracts traded on CFTC-regulated exchanges, with Coinbase being an eligible venue.

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

On February 7, the SEC accepted a 19b-4 rule change filing from NYSE Arca that could enable the listing of Grayscale Investments’ spot Solana-ETF. The agency is also reviewing proposals from 21Shares, Bitwise, Canary, and VanEck.

On February 21, DTCC added Canary Capital’s spot Litecoin-ETF to its website.

Previously, Balchunas and his colleague James Seyffart estimated the probability of approval for exchange-traded funds based on Litecoin, Dogecoin, Solana, and XRP at 65-90% by October.

Aptos-ETF?

On February 25, Bitwise established Bitwise Aptos ETF in Delaware, preparing an S-1 registration filing for the SEC.

In November, the company launched Aptos Staking ETP on six Swiss exchanges, with 21Shares introducing a similar product at the same time.

In January, Bitwise registered Bitwise Doge ETF in Delaware.

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

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

Tuttle Capital Management has submitted a proposal to the SEC for the launch of ten leveraged 2x crypto-ETFs, including products based on TRUMP and MELANIA. Other funds are linked to Bonk, BNP, and Chainlink.

Additionally, the SEC is reviewing proposals to introduce in-kind redemptions in BTC-ETF and ETH-ETF, as well as staking in ETH-ETF.

Notably, Hester Peirce, head of the regulator’s dedicated “crypto group,” stated that the SEC’s priorities include determining which assets are not securities and establishing a clear registration process for new tokens.