VolatilityShares has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a futures-based exchange-traded fund (ETF) linked to Solana futures. The proposed ETF will offer various leverage options, including 1x, 2x, and -1x exposure. This filing is notable as it comes before the establishment of actual Solana futures contracts, indicating a potential shift in institutional interest towards Solana. Industry analysts view this move as a strategic signal, suggesting that the absence of Solana futures had previously hindered the approval of spot ETFs. The filing aims to navigate regulatory challenges by focusing on futures contracts, which could pave the way for increased institutional investment in Solana. The application is pending approval from the Commodity Futures Trading Commission (CFTC).