The average daily trading volumes of Volatility Shares' two Solana futures ETFs are $1.25 million and $2.16 million respectively, indicating a noticeably low market enthusiasm

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

However, Bloomberg's ETF analyst Eric Balchunas pointed out that the market heat for the Solana ETF is significantly lower compared to ProShares' Bitcoin Futures ETF (BITO), which was listed in October 2021. Balchunas posted on platform X saying: "A first-week trading volume at the level of a million dollars is okay for ordinary ETFs but negligible compared to BTC products." Data shows that BITO had an average daily trading volume exceeding 12 million shares in its first week after listing; calculated at an average price of $17 per share at that time this equates to a daily turnover of approximately $204 million. Balchunas further analyzed: "The less correlated an asset class is with bitcoin, the more limited its market capacity will be."