January 10, 2025 - According to Reuters, the past year has witnessed a strong explosion in the crypto-related asset management industry in the US. Investment funds tracking the price of Bitcoin (bitcoin ETFs) attracted up to $ 65 billion in 2024, while the price of Bitcoin increased significantly from $ 43,000 to more than $ 100,000. Among them, the most prominent product is BlackRock's iShares Bitcoin Trust (IBIT.O), becoming the most successful launch in the 35-year history of the ETF industry.
But the story is just beginning for crypto enthusiasts. With President Donald Trump set to take office and vowing to facilitate digital markets, a new era for digital assets appears to be on the horizon. With such promise, companies like VanEck and 21Shares are lining up to approve at least 16 new ETFs that track crypto indices and tokens like Solana and Ripple’s XRP.
Regulation is expected to ease under Paul Atkins, who will succeed Gary Gensler as chairman of the SEC under Biden, paving the way for the next wave of crypto ETFs. The first product from this wave is expected to launch on January 22 with hedge funds using new bitcoin ETF options.
Despite the risks and controversy surrounding whether these tokens are securities, the crypto asset management industry remains promising and innovative. Federico Brokate of 21Shares predicts new products will expand to include baskets of coins or assets that combine Bitcoin and gold.
Overall, with human creativity, the only limit to the development of products is the enthusiasm from the digital asset management industry.
Reuters sources show that there is growing consensus and high expectations for a strong growth period for crypto and altcoins in the coming years.
