2024

Cryptocurrency exchange-traded funds (ETFs) accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows, according to a <a data-ct-non-breakable="null" href="https://x.com/NateGeraci" rel="noopener noreferrer nofollow" target="null" text="null">post</a> on the X platform by Nate Geraci, president of The ETF Store, an investment adviser specializing in ETFs.&nbsp;
Of the approximately 400 new ETFs launched in 2024, the four biggest launches by inflows have all been spot Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null">BTC</a>) ETFs, Geraci said.&nbsp;
BlackRock’s iShares Bitcoin Trust (IBIT) tops the charts, with almost $21 billion in inflows to date. It is followed by Fidelity Wise Origin Bitcoin Fund (FBTC), with nearly $10 billion in net inflows, and ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB), each with roughly $2 billion in net inflows, according to the post.&nbsp;
In seventh place is the iShares Ethereum Trust ETF (ETHA), which led the pack among Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null" text="null">ETH</a>) ETFs with upward of $1 billion in net inflows.&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/blackrock-ishares-ethereum-trust-approaches-1-billion-net-inflows-morningstar" rel="noopener noreferrer nofollow" target="null" text="null">A</a>ccording to data from Morningstar, a fund researcher, the ETF cleared the $1 billion mark in August.&nbsp;
<figure><img alt="Crypto dominates biggest 2024 ETF launches: The ETF Store" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b373-669a-7f73-b3fb-67ca8e1d17cf">
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 Top ETF launches in 2024. Source: The ETF Store
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-etfs-expand-new-asset-types-indexes-grayscale-executive" rel="noopener noreferrer nofollow" target="null" text="null">Crypto ETFs will expand to new asset types, indexes — Grayscale executive</a>
Total net assets in spot BTC and ETH ETFs exceed $60 billion, according to Morningstar.
The market for cryptocurrency ETFs will continue to expand to new types of digital assets and diversified crypto indexes, according to an executive at asset manager Grayscale Investments.&nbsp;
“We’re going to see a number of more single asset products, and then also certainly some index-based and diversified products,” Dave LaValle, Grayscale’s global head of ETFs, said on Aug. 12.
Numerous other proposed crypto ETFs are seeking regulatory approval. They include new types of single-asset funds, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/franklin-templeton-solana-etf" rel="noopener noreferrer nofollow" target="null" text="null">such as Solana ETFs</a>, and diversified crypto indexes, such as the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/regulators-postpone-listing-decision-hashdex-nasdaq-crypto-index-etf" rel="noopener noreferrer nofollow" target="null" text="null">Hashdex Nasdaq Crypto Index ETF</a>.
Net inflows into spot crypto ETFs exceed “more than three times the largest one-year inflow of any ETF ever in the history of ETFs,” LaValle said. “So we’re talking about massive, massive adoption.”
<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ai-more-power-hungry-bitcoin-profits-pose-risks-bitcoin-miners/" rel="noopener noreferrer nofollow" target="null" text="null">Magazine: AI may already use more power than Bitcoin — and it threatens Bitcoin mining</a>

Crypto dominates biggest 2024 ETF launches: The ETF Store

Cointelegraph

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