“Bitcoin Surge Sparks Competition to Launch ‘Riskier’ Cryptocurrency ETFs”

The recent surge in Bitcoin prices is bringing a fresh wave of innovation to the investment market. ETF issuers have been competitively rolling out cryptocurrency-focused products.

Currently, the U.S. Securities and Exchange Commission (SEC) has received applications for over 10 new ETFs. Among these, the following products stand out:

1. Rex Shares’ Bitcoin Holding Convertible Bond Investment ETF
2. Strive Asset Management’s MicroStrategy-Linked ETF
3. An ETF that represents S&P 500 returns in Bitcoin terms
4. A futures-based ETF tracking Solana meme coins

Experts interpret this trend as the “emergence of a new asset class for the masses.” Since the approval of the first spot Bitcoin ETF in February last year, BlackRock alone has drawn $37 billion in investments through its ETFs.

Market analysts praise Wall Street’s ability to “create supply to match demand.” As the cryptocurrency market remains volatile, a steady stream of innovative investment products continues to hit the market, raising expectations for the future of financial markets.

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