Reportedly, more than a dozen new crypto-focused exchange traded funds (ETFs) could be launched 2025, If approved by securities and exchange commission.
ETF companies file more SEC filings, Bloomberg reported Thursday (January 2nd).
The proposed products listed in the submission include: proshares An ETF that represents the return of the S&P 500 in Bitcoin. strike asset management and REX stock A fund that provides exposure to convertible bonds issued by companies to purchase Bitcoin. and volatility share inverse and leverage Solana According to the report.
Bloomberg Intelligence Athanasios Sarofagis said in the report The filings show “the continued evolution of the launch to incorporate crypto strategies into ETFs,” the statement said.
“A lot of these things are going to happen in 2025,” Sarofagis said, according to the report. “It's a hot thing. Publishers like to strike when the subject is hot. We're going to look at everything in cryptocurrencies.”
The report was released about a year after the SEC's approval. Bitcoin ETF After years of opposition to do so.
SEC Chairman Gary Gensler said at that time In a statement that the SEC's approval only applies and should not be applied to Bitcoin. be seen This is an indication that regulators are ready to approve other listed securities.
“While we today authorized the listing and trading of certain Spot Bitcoin ETP shares, we do not endorse or endorse Bitcoin,” Gensler said. “Investors should continue to be cautious.” countless Risks associated with Bitcoin and its valuable products is tied to cryptocurrencies. ”
This approval was informed by stakeholders across the crypto sector.
Sui ChongCEO of kraken-Owned CF benchmarktold PYMNTS in a statement posted on January 11, 2024: We look forward to working with asset allocators as they incorporate this new asset class into their portfolios and models, significantly increasing the number of investors with BTC exposure. ”
President-elect Donald Trump's victory in November cryptocurrency rally Trump is seen as a more crypto-friendly candidate, in contrast to President Joe Biden's efforts to crack down on the crypto industry following several high-profile scandals. Body.
