The crypto market is buzzing with new ETF applications, moving toward wider acceptance. Volatility Shares filed for a Solana futures ETF, banking on rising interest in altcoins. This move aims to mirror Solana's price via CFTC-regulated markets and could usher in institutional interest.
Analysts note the daring timing since Solana futures aren't trading yet, hinting at future spot ETF approvals. Bitcoin-related ETFs are also seeing fresh submissions, showcasing a strategic shift toward Bitcoin. Notable applications include REX Shares' Bitcoin bond ETF and Strive Asset Management eyeing bonds from firms like MicroStrategy.
ProShares and Bitwise joined the ETF race too, integrating Bitcoin exposures with traditional assets. This growing trend depicts cryptocurrency's establishment as a mainstream asset, potentially marking a pivotal shift in 2025 with increased institutional investments.
