2x Solana ETF

SOLT

Market cap $365M

SOLT (Volatility Shares 2x Solana ETF) offers leveraged exposure to Solana's daily price, targeting tactical traders comfortable with amplified volatility and daily monitoring. SOLT achieves 2x Solana exposure via regulated futures, not direct SOL purchases, with $781M AUM, 1.85% expense ratio, and robust liquidity. On-chain analysis highlights strong Solana fundamentals: rising TVL, user growth, and liquidity inflows, supporting positive momentum and long-term value.

Volatility Shares 2x Solana ETF offers traders 2x daily exposure to SOL via futures contracts, suitable only for short-term trading. SOLT's structure provides strong liquidity and minimal value decay, maintaining share value over time. Risks include high expense ratio (185bps) and potential trading fees, and amplified volatility, and the potential for unrecoverable losses, requiring disciplined risk management.

At this point, it's no longer just a crypto-friendly government propelling movement forward — it's real regulations that have been created. Previously, I wrote about the passing of the GENIUS Act into law.

2025 has so far been a big year for leveraged ETFs. I wrote a research note on leveraged ETFs earlier this year (read more here) where I discussed some trends in the leveraged ETF market.

The SEC has initiated its typical review process with issuers over their spot solana ETFs filings, which means that approval of spot solana ETFs is imminent — possibly within the next few weeks. General consensus among analysts and the broad public is optimistic on approval.

While crypto adoption will likely always be price-driven to some extent, regulatory and political tailwinds have driven a steady influx of launches throughout the year despite price volatility. We are not even halfway through 2025 and have already seen around 27 crypto ETF launches.

Since Liberation Day, the market has made many moves in both directions. While many investors have focused on hedging volatility, a handful of investors have used this is as opportunity to take advantage of any directional movement — whether up or down — by using leveraged ETFs.

When markets move, we can learn a lot from the outperformers. But we can also learn a lot from the underperformers — and maybe even find opportunities.

Volatility Shares is set to launch the first-ever Solana (SOL) futures exchange-traded funds (ETFs) in the United States.  The Volatility Shares Solana ETF and Volatility Shares Solana 2x ETF will debut tomorrow, March 20, 2025, with ticker symbols SOLZ and SOLT.