ryptocurrency related ETFs such as bitcoin and Ethereum, have been the most popular ETFs in terms of funding and Volume in the year of 2024 in the USA. Since 2024, 400 ETFs have been launched with more than 50% being related to Crypto instruments.
Leading Funds
To put things into perspective, Blackrock’s Bitcoin ETF (IBIT) is leading the way with most investments and interest from investors, with a total of $21 Billion dollars in inflows. In second place is Fidelity’s Bitcoin ETF nearing approximately $10 billion dollars in inflows.
Ethereum and Other Notables
Although Ethereum’s ETF was a success compared to other traditional ETFs that were launched in 2024, it is nowhere near Bitcoin ETFs inflows. The iShares Ethereum Trust (ETHA) has attracted the most inflows Compared to other Ethereum ETFs with approximately $1 Billion dollars in inflows since launch and ranking as the 7th largest ETF in terms of flow.
Market Challenges
Despite the successful ETFs launches in 2024, the crypto market has experienced a lot of uncertainty and fluctuations, especially since the Bitcoin high in March. Massive outflows were recorded as well with the biggest outflows taking place from ARKB ETF, highlighting the volatile market conditions in the crypto market.
Crypto ETFs: Mainstream in 2024
The approval of Crypto related ETFs in 2024 marked a huge milestone from the crypto sector, showcasing massive interest and acceptance from institutional investors and government officials. Despite recent outflows, the ongoing interest in these investment instruments showcases the potentiaL.
