Bloomberg: Cryptocurrency ETFs Could Blowout in 2025, Gold ETFs Sell for Fourth Consecutive Year
Bloomberg Intelligence strategist Athanasios Psarofagis has revealed that more than a dozen new cryptocurrency-centric funds will emerge in the exchange-traded fund (ETF) space in 2025, just a year after the first-ever U.S. bitcoin ETF was established. The products to be issued include:
1. ETF launched by ProShares to calculate the S & P 500 index return in Bitcoin;
2. Funds issued by Strive Asset Management and REX Shares are designed to provide risk exposure to convertible bonds issued by companies that buy bitcoin;
3. ETF firm Volatility Shares plans to launch the inverse and leveraged Solana ETF and a tool to track Solana, the sixth largest digital token, using futures contracts.
In sharp contrast to the above-mentioned red-hot scenario, even as the Federal Reserve eased policy, investors still sold gold ETFs for the fourth consecutive year, and gold prices also fell back from historical highs as investors turned their money elsewhere, including U.S. stocks and bitcoin.