Significant developments are occurring in the realm of crypto-based exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) has released an important document regarding the Solana 
$106 fund proposed by Fidelity. This move is interpreted as a strong signal that the first Solana-based ETF may soon be launched, coinciding with Nasdaq’s application for a new fund focused on Avalanche.
New Fund Applications for Solana and Avalanche
The SEC’s published filing officially reveals Fidelity’s intention to establish a Solana-based exchange-traded fund. The fund is expected to operate on the Cboe BZX Exchange. This potential product, notable for its commodity-based structure, aims to offer investors a return opportunity based on Solana’s price performance, reaffirming institutional interest in the Solana ecosystem.
Meanwhile, Nasdaq has filed for VanEck’s Avalanche Trust product. If approved, this would provide investors with access to another Avalanche-based investment vehicle. Predictions from Standard Chartered analysts are also noteworthy: they estimate that Avalanche’s price could rise to $55 by the end of 2025 and reach $250 by 2029, based on the network’s technological capabilities and scalability advantages.
Staking Concerns in Ethereum ETFs
Concerns have emerged among investors regarding the lack of staking income in Ethereum 
$2,482-based ETFs. Currently, Ether investors are turning to personal wallets and alternative methods since they cannot generate staking returns. Despite Ethereum’s functional structure, the absence of staking in fund offerings excludes a significant revenue opportunity.
Robert Mitchnick, Head of Digital Assets at BlackRock, commented on the issue. He stated, “Staking revenues play a significant role in investment performance. However, no Ether ETF contained this feature at launch.” Bloomberg ETF analyst James Seyffart noted that previously approved options contracts by the SEC could also affect staking practices. Seyffart suggested that the most likely dates for staking approval could be May or the end of the year.
Market Withdrawals and Volatile Trends
In the past 24 hours, Ethereum’s price has dropped by 6%, alarming investors. During this time, U.S.-based Ether ETFs experienced net outflows totaling $59.7 million. These withdrawals indicate a loss of confidence in the funds, exacerbated by fluctuating price movements.
A similar scenario exists with Bitcoin 
$82,774. The leading cryptocurrency saw a daily decline of 2.2%, falling to $80,366. U.S. Bitcoin ETFs experienced net outflows for seven consecutive days, with $149.5 million withdrawn from the market on the last trading day. This trend highlights a tendency among institutional investors to avoid short-term risks.
The introduction of new products offers crypto investors diversified themes and return models. However, volatility and the outflows from funds indicate the need for cautious movement in the market.
