Bitcoin News Today: Crypto-linked ETFs dominate 2024 inflows with $100.3B in top 20 spots

Since the beginning of 2024, the cryptocurrency sector has made a significant impact on the U.S. exchange-traded fund (ETF) market. According to ETF analyst Nate Geraci, over 1,300 ETFs have been launched since the start of the year, with crypto-linked assets capturing half of the top 20 spots by inflows [1]. These funds include spot Bitcoin and Ether ETFs, leveraged ETH products, and exposure to companies with significant Bitcoin holdings, such as MicroStrategy (MSTR) [1].

The most successful ETFs in terms of inflows are heavily concentrated in the crypto space. BlackRock’s iShares Bitcoin Trust ETF (IBIT) leads the ranking with over $57.4 billion in inflows, a figure that dwarfs the performance of other top ETFs [1]. Fidelity’s Wise Origin Bitcoin Fund (FBTC) and the iShares Ethereum Trust (ETHA) followed with $12.1 billion and $9.6 billion in inflows, respectively [1]. The YieldMax MSTR Option Income Strategy ETF (MSTY), which is not a direct crypto ETF but benefits from MicroStrategy’s Bitcoin treasury strategy, also made the top four with $7.2 billion in inflows [1].

Beyond the top four, other notable crypto-linked ETFs include the ARK 21Shares Bitcoin ETF (ARKB), the Bitwise Bitcoin ETF Trust (BITB), and the Fidelity Ethereum Fund ETF (FETH), which ranked 11th, 12th, and 13th, respectively, with over $2.2 billion in inflows each [1]. Further down the list, the Grayscale Bitcoin Mini Trust ETF (BTC), 2x Ether ETF (ETHU), and Defiance Daily Target 2x Long MSTR ETF (MSTX) occupied the 18th, 19th, and 20th positions, each attracting over $1.5 billion in inflows [1].

The popularity of crypto-linked ETFs demonstrates growing investor demand for regulated and transparent exposure to digital assets. For years, the sector was dominated by more complex and less accessible investment vehicles, but the introduction of spot ETFs has changed the landscape [1]. Spot Ether ETFs have also shown robust performance, with $5.4 billion in monthly inflows in July and a new daily high of $1 billion in inflows in early August [1].

The dominance of crypto in the top ETF inflows highlights the sector’s increasing institutional acceptance and mainstream appeal. As more investors seek diversified and regulated access to digital assets, the trend is expected to continue influencing the broader ETF market.

Source: [1] Crypto captures half of top 20 spots in ETFs launched since 2024 (https://coinmarketcap.com/community/articles/689b399389d58414926bbc6c/)