Cryptocurrency Dominates in New U.S ETF Launches Post-2024, Representing Over Half of the Top 20

In the dynamic world of finance, 2024 has witnessed a significant shift towards cryptocurrencies, with exchange-traded funds (ETFs) playing a pivotal role. More than 1,300 ETFs have been launched in the United States since the start of the year, and among them, crypto-linked ETFs have emerged as standout performers.

One of the most successful crypto ETFs launched this year is the iShares Ethereum Trust (ETHA), which has amassed an impressive $9.6 billion. This figure places it among the top-performing crypto ETFs in this period.

The spotlight is not just on Ethereum, though. Among the top-performing crypto ETFs, five are focused on spot Bitcoin, two on spot Ether, one on a leveraged Ether fund, and one on a strategy-based ETF.

Traditional investors are increasingly seeking regulated, easy-access exposure to Bitcoin and Ethereum without directly holding them, and these ETFs have become standout performers in the ETF product line-up. In fact, the combined inflows of Bitcoin ETFs now account for almost 6% of the total Bitcoin supply.

Leading the charge is the iShares Bitcoin Trust ETF (IBIT), managed by BlackRock, which has seen a staggering $57.4 billion in inflows. Fidelity's Wise Origin Bitcoin Fund (FBTC) follows closely with $12.1 billion, while ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF Trust (BITB), and Fidelity Ethereum Fund ETF (FETH) have each accumulated over $2.2 billion in inflows.

November 2024 marked a new milestone for Bitcoin ETFs, setting a new monthly inflows record. Interestingly, all three fastest ETFs to reach $10 billion in assets under management are spot crypto ETFs.

Regulatory approval has been granted for spot Ethereum ETFs to launch, and the race is on to see which fund will join the ranks of the top-performing ETFs.

It's not just Bitcoin and Ethereum that are attracting attention. The YieldMax MSTR Option Income Strategy ETF (MSTY), an options-based strategy focused on MicroStrategy stock, has seen $7.2 billion in inflows.

The success of these crypto-linked ETFs underscores the mainstreaming of digital assets and the growing acceptance of cryptocurrencies as a legitimate investment option. As we move forward, it will be interesting to see how this trend continues to shape the financial landscape.

Cryptocurrency Dominates in New U.S ETF Launches Post-2024, Representing Over Half of the Top 20