According to Bitcoin.com, ETF service provider Volatility Shares launched two Solana futures ETFs on March 20th, namely The Solana ETF (SOLZ) and 2x Solana ETF (SOLT). According to Yahoo Finance, as of now, the two products have performed steadily since their launch, with an average daily trading volume of about 80000 and 140000 copies respectively, or $1.25 million and $2.16 million.
However, Bloomberg ETF analyst Eric Balchunas pointed out that compared to the ProShares Bitcoin Futures ETF (BITO), which went public in October 2021, the Solana ETF has significantly lower market heat. Balchunas posted on the X platform that "the first week's million dollar trading volume is still acceptable for ordinary ETFs, but it is negligible compared to BTC products." The data shows that the average trading volume of BITO exceeded 12 million on the first week of its listing, and based on the average price of 17 US dollars at that time, the daily turnover was about 204 million US dollars. Balchunas added that "the lower the correlation between asset classes and Bitcoin, the more limited the market capacity
