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The approval of Bitcoin and Ether ETFs by the US Securities and Exchange Commission (SEC) also excited ETF issuers. According to Bloomberg, many ETF companies will launch new crypto-based funds in 2025 and there will be a big race in this regard.
The S&P 500-Bitcoin ETF’i…
A number of official documents and filings submitted to the SEC in late 2024 indicate that such ETFs have already begun to develop. For example, ProShares Company’s “S&P 500-Bitcoin ETF” seems to be one of the most interesting and exciting products out there…
This ETF will offer the gain or loss of the S&P 500 against Bitcoin, not the US dollar. For example, if the price of the index rises against Bitcoin, the investor will make a profit in Bitcoin.
Another ETF will be a convertible bond fund created by Strive Asset Management and REX Shares. This ETF, like MicroStrategy, will invest in companies that issue convertible bonds to buy more bitcoin.
“We will look at everything related to crypto”
Commenting on the topic, Bloomberg analyst Athanasios Psarofagis said he expects corporate companies to continue entering the crypto world in ways that:
“This is a continuation of the corporate world’s entry into crypto. We’ll see a lot more of them in 2025. It’s a hot topic right now, and these ETF issuers love the trending topics. They’re still working.” Like when the environment is hot and investment is coming this year we will see all things crypto “companies compete with each other.”
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