The cryptocurrency market is seeing a wave of exchange-traded fund (ETF) applications, reflecting a push toward mainstream adoption.

Recent filings include Solana futures ETF and Bitcoin-linked convertible bond fund, showcasing a shift toward diversified investment options.

Solana Futures ETF

On December 27, Volatility Shares took a significant step by filing for a futures-based Solana ETF, aiming to capitalize on the growing interest in altcoins.

The fund intends to mirror Solana’s price movements by focusing on future contracts on exchanges regulated by the US Commodity Futures Trading Commission (CFTC). Its strategy may also include Solana-linked financial instruments, with the asset’s value derived from those investments. This approach could open the door to broader institutional interest in Solana.

Meanwhile, market analysts have noted the bold timing of this filing, as Solana futures are not yet actively traded. Some suggest that the approval of this ETF could set the stage for a spot Solana ETF in the future.

“This is wild. Solana futures ETF filing bf Solana futures even exist… probably a good sign Solana futures are on the way, which arguably bodes well for spot odds,” Bloomberg ETF analyst Eric Balchunas stated.

A Wave of Bitcoin ETF Applications

Meanwhile, Bitcoin-related ETFs are seeing a wave of new applications. Nate Geraci, president of ETF Store, highlighted that four filings emerged in the past 48 hours.

REX Sha

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details