The race to capture the crypto market’s attention is heating up, with ETF issuers finding increasingly creative — and riskier — ways to attract investors. As 2024 closed, a slew of new ETF filings hit the US Securities and Exchange Commission (SEC), showcasing how Wall Street is looking to ride the crypto wave into 2025.
Among the recent proposals is an innovative ETF from ProShares that would denominate the S&P 500’s returns in Bitcoin. Strive Asset Management and REX Shares aim to offer exposure to convertible bonds from companies funding Bitcoin purchases. Meanwhile, Volatility Shares is pushing the envelope with plans for inverse and leveraged Solana funds, as well as futures-based funds tracking the sixth-largest digital token.
“This is the continued evolution of launches to incorporate crypto strategies into ETFs. We’ll see a lot of these in 2025,” said Bloomberg Intelligence’s Athanasios Psarofagis.
Indeed, these filings could lead to over a dozen new crypto-focused ETFs debuting in 2025, just a year after the first US Bitcoin ETFs began trading.
