FameEX Hot Topics | Crypto Leads Major 2024 ETF Launches

Cryptocurrency exchange-traded funds (ETFs) have been a significant force in the ETF market in 2024, with 13 of the 25 largest ETF launches by year-to-date inflows, according to Nate Geraci, president of The ETF Store, an investment adviser specializing in ETFs. Among the approximately 400 new ETFs introduced this year, the four biggest by inflows have all been spot Bitcoin ETFs.

Leading the way is BlackRock’s iShares Bitcoin Trust (IBIT), which has attracted nearly $21 billion in inflows to date. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows closely, with almost $10 billion in net inflows. Additionally, ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB) have each secured roughly $2 billion in net inflows, making them the third and fourth largest ETF launches by inflows this year.

Ranking seventh overall, but leading among Ether ETFs, is the iShares Ethereum Trust ETF (ETHA), which surpassed $1 billion in net inflows as of August, according to data from Morningstar, a prominent fund research firm. This solidifies ETHA's position as the top-performing Ether ETF in the market.

Collectively, spot Bitcoin (BTC) and Ethereum (ETH) ETFs now hold over $60 billion in total net assets. The cryptocurrency ETF market is expected to continue its rapid expansion, branching out into new digital assets and diversified crypto indexes. According to Dave LaValle, Grayscale’s global head of ETFs, the market will likely see an increase in single-asset products as well as index-based and diversified offerings.

Numerous other crypto ETFs are currently awaiting regulatory approval. These include innovative single-asset funds such as Solana ETFs and diversified crypto indexes like the Hashdex Nasdaq Crypto Index ETF. LaValle highlighted that net inflows into spot crypto ETFs have already exceeded three times the largest one-year inflow of any ETF in history, emphasizing the massive and accelerating 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.