ETFs & Mutual Funds
ETF Companies Are Racing to Launch the Next ‘Hot’ Crypto Fund
- We’ll see a lot more filings in 2025, says BI’s Psarofagis
- Proposed ETFs would invest in convertible bonds, derivatives
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Purveyors of exchange-traded funds are finding ever more creative — and potentially riskier — ways to lure investors into the crypto craze.
Paperwork covering a plethora of newfangled offerings was filed with the US Securities and Exchange Commission as 2024 was ending. Among the proposed products was an ETF from ProShares that would denominate the S&P 500’s return in Bitcoin. Funds planned by Strive Asset Management and REX Shares would offer exposure to convertible bonds issued by companies to buy Bitcoin. And ETF company Volatility Shares envisions getting inverse and leveraged Solana funds off the ground, alongside a vehicle that would track the sixth-largest digital token using futures contracts.