In 2024, the price of Bitcoin broke through the $100,000 mark, and the spot Bitcoin ETF also created an industry myth, with IBIT becoming one of the most capital-absorbing products in ETF history. Amidst the booming market, major ETF companies are also gearing up to launch more innovative cryptocurrency-related products in 2025.
On January 3rd, according to Bloomberg, in 2024, several institutions submitted a series of novel ETF product applications to the U.S. Securities and Exchange Commission (SEC). These products include:
<blockquote>
ProShares plans to launch an S&amp;P 500 index ETF priced in Bitcoin
Strive Asset Management and REX Shares intend to issue an ETF that invests in convertible bonds of companies that purchase Bitcoin
Volatility Shares proposed a reverse and leveraged Solana ETF, as well as an ETF tracking Solana based on futures contracts
</blockquote>
According to the filing documents, the REX ETF plans to invest most of its assets in convertible bonds issued by companies holding Bitcoin. Strive plans to launch a fund that gains exposure to convertible bonds of companies like MicroStrategy through derivatives such as swaps and options.
Bloomberg Intelligence analyst Athanasios Psarofagis stated, &#34;This is a continued evolution of integrating cryptocurrency strategies into ETFs. We will see a large number of such products emerging in 2025.&#34;
In 2024, Bitcoin's price surpassed $100,000, with an annual increase of over 120%. The cryptocurrency market also witnessed a milestone development: the first Bitcoin ETFs in the U.S. were approved and listed.
These products achieved tremendous success, with BlackRock's Bitcoin ETF attracting over $37 billion in inflows throughout the year, ranking third among all ETFs.
Strategas ETF strategist Todd Sohn pointed out, &#34;For the investing public, cryptocurrency is now a rare emerging asset class. Wall Street is always adept at creating supply when there is demand. This is the evolution of the cryptocurrency ETF space: from futures-based, spot, and thematic, to now convertible bonds, with specific products targeting MicroStrategy as well as companies covering other similar investment strategies.&#34;

GBTC

ProShares plans to launch a Bitcoin-denominated S&P 500 Index ETF, Strive Asset Management and REX Shares intend to issue an ETF that invests in convertible bonds of companies that purchase Bitcoin, and Volatility Shares has proposed a reverse and leveraged Solana ETF, as well as an ETF tracking Solana based on futures contracts

- In 2024, Bitcoin prices surpassed $100,000, leading to the success of spot Bitcoin ETFs, with IBIT becoming one of the most lucrative products in ETF history.  
- On January 3, Bloomberg reported that multiple institutions submitted innovative ETF product applications to the SEC, including ProShares' Bitcoin-based S&P 500 ETF and REX Shares' ETF focused on convertible bonds of Bitcoin companies.  
- Analysts predict a significant evolution in cryptocurrency strategies within ETFs, with a surge of new products expected in 2025, reflecting the growing demand for this emerging asset class.

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