Bloomberg Intelligence strategist Athanasios Psarofagis revealed that by 2025, there will be more than a dozen new cryptocurrency-centric funds in the exchange-traded fund (ETF) space, just one year after the establishment of the first-ever U.S. Bitcoin ETF. The products to be issued include:
1. ProShares launched an ETF that uses Bitcoin to calculate the returns of the S&P 500 index;
2. The funds planned to be issued by Strive Asset Management and REX Shares are intended to provide risk exposure to convertible bonds issued by companies that purchase Bitcoin;
3. ETF company Volatility Shares plans to launch inverse and leveraged Solana ETFs and a tool that uses futures contracts to track Solana, the sixth-largest digital token.
In stark contrast to the above-mentioned bustling scene, even as the Federal Reserve loosens its policies, investors have sold off gold ETFs for the fourth consecutive year, and gold prices have retreated from historical highs as investors have shifted their funds elsewhere, including U.S. stocks and Bitcoin.