ProShares has applied to list three innovative Bitcoin-linked ETF products, signaling a bullish future for cryptocurrency on Wall Street. These new offerings include the S&P 500 Bitcoin ETF, the Nasdaq-100 Bitcoin ETF, and the Gold Bitcoin ETF. With a blend of traditional stock and gold reserves, each product uniquely combines short USD positions with long Bitcoin stances through Bitcoin Futures, a move celebrated by ETF Store President Nate Geraci as pioneering “BTC hedged ETFs.”

Recent SEC approvals for spot Bitcoin and Ethereum ETFs have accelerated the pace of crypto ETF filings, expanding to include diverse assets like Litecoin and XRP. ProShares’ latest filings coincide with predictions of increased ETF approvals under the SEC’s new chairman next year. This trend reflects a growing alignment between cryptocurrency investments and mainstream financial products.

Market experts are optimistic about the potential mainstream adoption of Bitcoin, spurred by asset managers dedicating a significant portion of their AuM to cryptocurrency. This shift is supported by strong institutional interest, with firms increasingly investing in Bitcoin through ETFs, complementing robust buying from entities like MicroStrategy.