PANews reported on April 1st that according to Bitcoin.com, Volatility Shares launched two Solana futures ETFs on March 20th, namely The Solana ETF (SOLZ) and 2x Solana ETF (SOLT). According to Yahoo Finance, so far, both products have been performing steadily since their listing, with average daily trading volumes of around 80,000 and 140,000 shares, equivalent to $1.25 million and $2.16 million.
However, Bloomberg ETF analyst Eric Balchunas pointed out that the market enthusiasm for Solana ETFs is significantly lower compared to the ProShares Bitcoin Futures ETF (BITO) listed in October 2021. Balchunas posted on X platform: "First-week trading volume of millions of dollars is okay for an ordinary ETF, but negligible compared to BTC products." Data shows that BITO's average daily trading volume in the first week exceeded 12 million shares, calculated at the average price of $17 at the time, with a daily trading volume of approximately $204 million. Balchunas added in his analysis: "The lower the correlation between the asset class and Bitcoin, the more limited the market capacity."
