More Than a Dozen New Cryptocurrency-Focused ETFs Could Be Launched in 2025

More than a dozen new cryptocurrency-focused exchange-traded funds (ETFs) could be launched in 2025, pending approval by the Securities and Exchange Commission.

ETF companies have filed numerous filings with the SEC, according to a report by Bloomberg on Thursday (Jan. 2).

The proposed products mentioned in the filings include a ProShares ETF that would peg the S&P 500's return in bitcoin, as well as Strive Asset Management and REX Shares funds that would provide exposure to convertible bonds issued by companies to purchase bitcoin, the report said. Additionally, Volatility Shares would be launching inverse and leveraged Solana funds.

According to the report, Bloomberg Intelligence's Athanasios Psarofagis stated that these filings demonstrate "the continuing evolution of launches to integrate crypto strategies into ETFs."

“We'll see a lot of these in 2025,” Psarofagis said in the report. “It's the hot thing — issuers love to strike when the theme is hot. We'll see crypto everything.”

The report follows the SEC's approval of bitcoin ETFs approximately a year ago, after years of opposition.

In a statement at the time, SEC Chairman Gary Gensler emphasized that the SEC's approval pertains solely to bitcoin and should not be interpreted as an indication that the regulator is prepared to approve other listed securities.

“Although we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin,” Gensler stated. “Investors should be aware of the numerous risks associated with bitcoin and products whose value is linked to crypto.”

The approval was met with praise from figures across the cryptocurrency industry.

In a statement published by PYMNTS on Jan. 11, 2024, Sui Chung, CEO of Kraken-owned CF Benchmarks, stated, “A spot ETF has always been critical because it stands to open bitcoin up to a much broader swathe of investors. 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 who could have BTC exposure.”

President-elect Donald Trump's victory in November sparked a crypto rally due to the perception of Trump being more favorable toward crypto, in contrast to President Joe Biden's efforts to crack down on the industry following high-profile scandals.