Originally published on: September 02, 2024
The dominance of cryptocurrency in the ETF market has been highlighted with 13 out of the 25 largest ETF launches in 2024 attributed to crypto-related funds. This data comes from Nate Geraci, president of The ETF Store, a renowned investment advisor focusing on ETFs.
Bitcoin Seizes the Top Spots
Among the 400 new ETFs launched in 2024, the top four largest launches in terms of inflows were all spot Bitcoin ETFs, according to Geraci. Topping the charts is BlackRock’s iShares Bitcoin Trust (IBIT), accruing nearly $21 billion in inflows. Following closely are Fidelity Wise Origin Bitcoin Fund (FBTC) with nearly $10 billion, as well as ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB) each bringing in around $2 billion in net inflows.
Emerging Players in the Market
The iShares Ethereum Trust ETF (ETHA) also made its mark in seventh place, leading among Ether ETFs with over $1 billion in net inflows, crossing the milestone in August as per Morningstar data.
Expansion into New Crypto Terrains
The total net assets in spot Bitcoin and Ethereum ETFs have now surpassed $60 billion, signaling a significant growth trend in the crypto ETF landscape. Grayscale Investments’ Dave LaValle predicts a broader spectrum of digital assets and diversified crypto indexes entering the ETF market, including single-asset funds like Solana ETFs and diversified crypto indexes such as the Hashdex Nasdaq Crypto Index ETF.
Upcoming Regulatory Approvals
The crypto ETF realm is abuzz with proposed offerings awaiting regulatory green lights, promising a variety of investment opportunities. With net inflows into spot crypto ETFs surpassing historic records, LaValle emphasizes the monumental adoption wave sweeping through the ETF market.
Unveiling Future Market Trends
In conclusion, with the surge in cryptocurrency ETF launches and the ever-evolving landscape of digital assets, the future looks promising for investors seeking exposure to this rapidly growing sector.
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