ETF Issuers Plan New Crypto-Centric Funds for 2025: Report

The Growing Crypto ETF Landscape

Bloomberg Intelligence analyst Athanasios Psarofagis highlighted the increasing integration of crypto strategies into ETFs, calling it a natural evolution.
“This is the continued evolution of launches to incorporate crypto strategies into ETFs,” Psarofagis stated, noting the momentum following the approval of Bitcoin spot ETFs in January 2024 and Ether spot ETFs in July.

The wave of new filings reflects the broader popularity of cryptocurrencies, particularly after Bitcoin’s price surged past $100,000 on December 5, 2024, driven by favorable market conditions and policy shifts, including Donald Trump’s pro-crypto stance after his re-election.

Proposed Crypto Funds

ETF issuers are diversifying their offerings with innovative products designed to attract a wider range of investors. Among the proposed filings:

• ProShares: A fund pegged to the S&P 500’s returns in Bitcoin.
• Strive Asset Management and REX Shares: Funds focusing on convertible bonds and derivatives.
• Volatility Shares: A Solana fund that uses futures contracts to track the token.

These additions will complement existing crypto ETFs and broaden investment options in the space.

Record-Breaking Crypto ETF Launches

The success of 2024’s crypto ETFs, particularly BlackRock’s iShares Bitcoin Trust (IBIT), which achieved “the greatest launch in ETF history,” has spurred issuers to build on this momentum.

MicroStrategy’s Michael Saylor also capitalized on Bitcoin’s rally, purchasing significant reserves for his company, demonstrating institutional confidence in crypto.

Analyst Outlook

Todd Sohn, an ETF strategist at Strategas, noted the diversity of upcoming crypto ETF products:
“This is the evolution of the crypto ETF spectrum—futures-based, spot, thematic, and now convertibles, both hyper-specific for MicroStrategy and whoever else gets involved in a similar capacity.”

If approved, 2025 is poised to be a banner year for crypto ETFs, solidifying their place in mainstream finance and expanding access to the booming digital asset market.