A recent filing by Volatility Shares for a Solana futures ETF has sparked interest, despite no existing SOL futures contracts. The proposed ETF aims to issue securities that track underlying SOL futures trading on a CFTC-registered exchange. This filing is viewed positively by ETF analysts, indicating potential chances for spot Solana ETFs in 2025. Hunter Horsley, CEO of Bitwise, suggests that this filing reflects optimism regarding regulatory changes with Paul Atkins at the SEC. Historically, approval of spot ETFs followed the establishment of a futures market, as seen with bitcoin and ether. Despite some believing futures are no longer a necessity for crypto ETFs, there are now multiple firms vying for spot SOL ETFs. Analysts like Eric Balchunas speculate that the filing suggests SOL futures could be on the horizon, supporting the case for future approvals of spot ETFs, which may be bolstered by a healthy trading environment.

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