Bitcoin and Solana ETF filings signal increasing interest in Crypto

The cryptocurrency market is seeing a wave of exchange-traded funds (ETFs) that reflect the push for mainstream adoption.

Recent filings include Solana's futures ETF and a bitcoin-linked convertible bond fund, signaling a shift to a variety of investment options.

Solana Futures ETF

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

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

Meanwhile, market analysts note the bold timing of this filing as Solana futures are not yet actively traded. Some suggest that the approval of this ETF could pave the way for Solana ETFs in the future.

“This is wild. The Solana Futures ETF file for BF Solana futures is also there … a good sign Solana futures are on the way, which would bode well for spot opportunities,” said Bloomberg ETF analyst Eric Balchunas.

A wave of Bitcoin ETF applications

Meanwhile, Bitcoin-related ETFs are seeing a wave of new applications. ETF Store President Nate Geraci noted that four records have occurred in the past 48 hours.

REX Shares proposes a Bitcoin Corporate Treasury Convertible Bond ETF, which is bonds issued by companies that have Bitcoin holdings in their treasury. Similarly, Strive Asset Management plans to launch a fund from companies such as MicroStrategy with a virtual bitcoin allocation.

Bitwise has joined the movement with the Bitcoin Standard Corporations ETF. This is designed to invest in companies that have Bitcoin as part of their financial portfolio.

Meanwhile, ProShares is seeking approval for ETFs with major indices like the S&P 500 and Nasdaq-100, as well as gold, all held in Bitcoin. This unique approach combines traditional assets with cryptocurrency exposure in Bitcoin futures.

“Basically a long position in the underlying stocks or gold and then a short usd/long btc position using btc futures. I'm calling these btc hedged ETFs,” Gerasi said.

These records show the growing confidence in cryptocurrency as a major asset class. Industry experts They believe 2025 could mark a turning point, with institutional capital pouring into these innovative funds. In fact, spot bitcoin ETFs have seen success this year, attracting more than $35 billion in net income and more than $100 billion in assets under management.