Looking ahead, Bloomberg Intelligence's Athanasios Psarofagis anticipates a significant increase in crypto-centric funds in 2025, following the successful launch of the first US Bitcoin ETFs in 2023.

MicroStrategy Inc. co-founder Michael Saylor has been strategically increasing the company's Bitcoin reserves, leveraging rising crypto prices through equity and convertible bond sales.

In a related development, Volatility Shares is working on launching inverse and leveraged funds focused on Solana, as well as a fund that will track Solana's performance using futures contracts.

In addition, Strive Asset Management and REX Shares are planning ETFs that will focus on convertible bonds linked to Bitcoin.

Among the notable successes in this space, the BlackRock Bitcoin ETF attracted over $37 billion in annual inflows in 2024, making it the third-largest fund by inflows that year.

Exchange-traded funds (ETFs) are increasingly integrating cryptocurrency strategies to draw in investors, resulting in more creative and potentially riskier offerings.

ProShares is set to launch an innovative ETF that will track the S&P 500's performance using Bitcoin as its base currency.

The REX ETF will primarily invest in convertible bonds from companies that hold Bitcoin, while Strive Asset Management intends to invest in derivatives related to convertible securities from firms such as MicroStrategy.

The backdrop for these developments is Bitcoin's impressive 120% surge in 2024, surpassing $100,000, largely fueled by incoming President Donald Trump's favorable outlook on the cryptocurrency sector.

This surge in Bitcoin's value has prompted a wave of filings to the US Securities and Exchange Commission for new crypto-related ETFs, indicating a growing trend in the market.