FameEX Hot Topics | Crypto Tops 2024's Major ETF Launches

In 2024, cryptocurrency exchange-traded funds (ETFs) have emerged as a major player in the ETF market, with 13 of the 25 largest launches by year-to-date inflows, according to Nate Geraci, president of The ETF Store, an investment advisory firm specializing in ETFs. Among the nearly 400 new ETFs launched this year, the top four by inflows are all spot Bitcoin ETFs.

At the forefront is BlackRock’s iShares Bitcoin Trust (IBIT), which has attracted close to $21 billion in inflows to date. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows, with nearly $10 billion in net inflows. Additionally, ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB) have each garnered approximately $2 billion in net inflows, ranking them among the largest ETF launches of the year.

The iShares Ethereum Trust ETF (ETHA) also stands out, ranking seventh overall but leading among Ether ETFs, having surpassed $1 billion in net inflows as of August, according to Morningstar, a leading fund research firm. This achievement cements ETHA's position as the top-performing Ether ETF in the current market.

Combined, spot Bitcoin (BTC) and Ethereum (ETH) ETFs now manage over $60 billion in total net assets. The cryptocurrency ETF market is expected to continue its rapid growth, expanding into new digital assets and diversified crypto indexes. Dave LaValle, Grayscale’s global head of ETFs, anticipates a rise in single-asset products as well as index-based and diversified offerings.

Meanwhile, several other crypto ETFs are awaiting regulatory approval. These include innovative single-asset funds like Solana ETFs and diversified crypto indexes such as the Hashdex Nasdaq Crypto Index ETF. LaValle emphasized that net inflows into spot crypto ETFs have already exceeded three times the largest one-year inflow of any ETF in history, highlighting the rapid and widespread adoption of these products.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.