Source: CryptoSlate
Compiled by: Blockchain Knight
ETF Store CEO Nate Geraci emphasized that crypto asset-related ETFs will lead in inflows in 2024, with the 8 largest funds launched this year belonging to that sector.
This list includes four spot BTC ETFs, two Ethereum ETFs, and two MicroStrategy ETFs.
Over the past 12 months, these 8 funds have outperformed all approximately 740 ETFs.
BlackRock's spot BTC ETF IBIT recorded over $37 billion in positive net flows in less than a year, ranking first.
IBIT also became the best-performing ETF ever launched, accumulating nearly $53 billion in assets under management (AUM) in 11 months.
Fidelity's spot BTC ETF FBTC ranked second with a total inflow of $12.2 billion, while BlackRock's spot Ethereum ETF ETHA ranked third with $3.5 billion in positive net inflow.
This highlights the disparity in inflows between BTC and Ethereum ETFs, as the largest Ethereum ETF's inflow is 11 times lower than that of the largest BTC fund.
The other two BTC 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 ETF related to MicroStrategy (YieldMax's MSTY) recorded the eighth largest net inflow, nearing $1.8 billion, followed closely by the second Ethereum ETF on the list (Fidelity's FETH) with just over $1.5 billion in net inflow.
Defiance's MSTX ranked in the top eight with $1.4 billion in inflows, becoming the second ETF related to MicroStrategy.
Analysts are optimistic about the prospects of crypto ETFs in the U.S.
According to Bitwise estimates, BTC ETFs alone are expected to attract $35 billion in inflows next year, accumulating over $70 billion in less than two years.
Meanwhile, Bloomberg ETF analysts Eric Balchunas and James Seyffart expect a wave of new crypto asset-related ETFs to emerge next year.
Additionally, Geraci recently predicted that the regulatory environment will become more favorable for the industry in the coming months, making it possible for a Solana (SOL) ETF to gain approval in 2025.
According to data from Farside Investors, from November 6 to December 27, the spot BTC ETFs traded in the U.S. recorded $12.1 billion in inflows, accounting for 34% of their total flows this year.
This had an even more significant impact on the spot Ethereum ETFs, which recorded $3.2 billion in inflows during the same period. This influx of funds was enough to reverse the negative net flow of over $500 million for these funds, currently totaling nearly $2.7 billion.
