Crypto dominates biggest 2024 ETF launches: The ETF Store
Crypto exchange-traded funds make up 13 of the top 25 fund launches, the investment adviser said.
Cryptocurrency exchange-traded funds (ETFs) accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows, according to a post on the X platform by Nate Geraci, president of The ETF Store, an investment adviser specializing in ETFs.
Of the approximately 400 new ETFs launched in 2024, the four biggest launches by inflows have all been spot Bitcoin (BTC) ETFs, Geraci said.
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.
Go to Source
Author: Alex O’Donnell
