ETFs Lead Top U.S. ETF Launches in 2024, with BlackRock Dominating
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ETFs Lead Top U.S. ETF Launches in 2024, with BlackRock Dominating In a standout year for cryptocurrency ETFs, Bitcoin (BTC) and Ethereum (ETH) products have topped the list of U.S. ETF launches by inflows in 2024. According to Nate Geraci, CEO of ETF Store, 13 out of the top 25 U.S. ETFs launched this year are Bitcoin or Ethereum-related, with BlackRock’s IBIT leading the way. The four most popular ETFs, based on inflows, are all spot Bitcoin ETFs, underscoring the high demand for direct crypto exposure among investors. BlackRock, Fidelity, ARK 21Shares, and Bitwise are at the forefront of this trend, offering ETFs that have quickly attracted significant investor interest. Top Crypto ETFs by Inflows in 2024 The top four ETFs by inflows in 2024 are all spot Bitcoin ETFs: BlackRock’s IBIT Fidelity’s FBTC ARK 21Shares’ ARKB Bitwise’s BITB In addition, BlackRock’s Ethereum ETF (ETHA) ranked 7th overall, making five of the top seven ETF products related to crypto assets. This strong showing reflects a growing acceptance of Bitcoin and Ethereum as core portfolio assets, with BlackRock dominating the ETF space. The Role of Bitcoin and Ethereum ETFs in Investor Portfolios Bitcoin and Ethereum ETFs have surged in popularity as investors seek diversified exposure to cryptocurrencies within a regulated investment vehicle. These ETFs provide an accessible way to invest in cryptocurrencies without dealing with the complexities of directly buying and storing digital assets. With the SEC’s recent approval of spot Bitcoin ETFs, interest has spiked, as these products allow for direct investment in Bitcoin, offering a closer correlation to market prices compared to futures-based ETFs. According to Geraci, the top-performing crypto ETFs are benefiting from institutional interest and retail demand as investors increasingly view Bitcoin and Ethereum as long-term holdings. The inflows suggest that crypto assets are becoming a staple…
Filed under: News - @ October 4, 2024 12:24 pm