Nate Geraci, CEO of The ETF Store, highlighted the fact that cryptocurrency-related ETFs (exchange-traded fund) will lead inflows by 2024. Eight out of the ten largest funds to be launched in 2018 are in this sector.
List includes two MicroStrategy (MS) ETFs and two Ethereum (ETH). Eight funds performed better than all 740 ETFs launched over the past year.
BlackRock’s spot Bitcoin ETF, IBIT, took the top spot with over $37 billion in positive net flows recorded in less than a year. The ETF also became one of the best ETF debut in historyIn just 11 months, assets under management (AUMs) have accumulated to nearly 53 billion dollars.
Fidelity’s spot Bitcoin ETF, FBTC, comes in second with inflows totaling $12.2 billion, while BlackRock’s spot Ethereum ETF ETHA comes in at third with $3.5 Billion in net positive flows.
The difference between Bitcoin ETFs and Ethereum ETFs is evident in the fact that the Ethereum fund has 11x less flows than the Bitcoin fund.
The two other Bitcoin ETFs on the list are ARK 21shares’ ARKB and Bitwise’s BITB, which recorded inflows of $2.6 billion and $2.2 billion, respectively.
The first MicroStrategy-related ETF, YieldMax’s MSTY, recorded the eighth-largest net flows, nearing $1.8 billion, followed by the second Ethereum ETF on the list — Fidelity’s FETH — which recorded a little over $1.5 billion in net flows.
Defiance’s MSTX wraps up the top 8 as the second MicroStrategy-related ETF, with $1.4 billion in inflows.
The beginning
Analysts believe that crypto ETFs will continue to grow in popularity. Bitwise Estimates Bitcoin ETFs are expected to attract an additional $35 billion of inflows in the next 12 months, exceeding $70 billion over a period of less than 2 years.
Bloomberg ETF analysts Eric Balchunas, and James Seyffart have forecast that the market will be a Wave of crypto-related ETFs Next year. Geraci Recently predicted The regulatory environment is expected to improve in the next few months. This will make the approval of an ETF for Solana in 2025 more likely.
Farside Investors has a ‘List of Investors. The US-traded Bitcoin ETFs have seen inflows totaling $12.1 Billion between Nov.6 and Dec.27, which represents 34% of the year-todate flow.
This was especially true for spot Ethereum ETFs. Register to receive updates on the latest news and events. Inflows of $3.2 billion were recorded in the same time period. These capital inflows were sufficient to counteract over $500 million of negative net flows, which now total nearly $2.7 billion.
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