The average daily trading volume of Volatility Shares' two Solana futures ETFs was $1.25 million and $2.16 million respectively, and the market enthusiasm was obviously low

PANews reported on April 1 that according to Bitcoin.com, ETF service provider Volatility Shares launched two Solana futures ETFs, The Solana ETF (SOLZ) and 2x Solana ETF (SOLT), on March 20. According to Yahoo Finance, the two products have performed steadily since their launch, with average daily trading volumes of approximately 80,000 and 140,000 shares, or $1.25 million and $2.16 million, respectively.

However, Bloomberg ETF analyst Eric Balchunas pointed out that compared with the ProShares Bitcoin Futures ETF (BITO), which was listed in October 2021, the market heat of Solana ETF is significantly lower. Balchunas wrote on the X platform: "The first week's million-dollar trading volume is okay for ordinary ETFs, but it is insignificant compared to BTC products." Data shows that BITO's average daily trading volume exceeded 12 million shares in the first day of listing. Calculated at the average price of $17 at the time, the average daily trading volume was about $204 million. Balchunas added: "The lower the correlation between the asset class and Bitcoin, the more limited the market capacity."