PANews reported on March 20 that according to Cointelegraph, Volatility Shares will launch two futures ETFs based on Solana (SOL) on March 20, namely Volatility Shares Solana ETF (SOLZ) and Volatility Shares 2X Solana ETF (SOLT).

According to the SEC filing, the Volatility Shares Solana ETF (SOLZ) will have a management fee of 0.95% until June 30, 2026, after which it will increase to 1.15%. The Volatility Shares 2X Solana ETF will provide investors with 2x leverage and has a management fee of 1.85%.

The application is the first Solana-based ETF in the United States and follows the launch of the SOL futures contract by the Chicago Mercantile Exchange (CME) Group.