BlackRock’s IBIT ETF secures third place with $37B inflows, signaling investor interest in digital assets.
As for 2024 over $116B of inflows go to Vanguard’s VOO ETF followed by IVV with $89B of inflows.
There is an increased demand in IBIT and Fidelity’s FBTC in that year, as the readers can see on the graph above.
Picking up the third position in terms of inflows in the $ 37 billion, Bitcoin ETF, BlackRock’s IBIT, brilliant in its debut of the 2024 rankings. Such fast growth for a product that was introduced only a year ago speaks to the rising investor appetite for cryptocurrency-focused funds. We present IBIT which demonstrates the increasing demand for institutional and non-institutional actors in digital assets and boosting the overall performance of exchange-traded funds (ETFs) in 2020.
The Vanguard S&P 500 ETF is the biggest winner for 2024; as for 2024, it attracted $116 billion in assets. This has risen by $65 billion against its previous records proving, yet again, that there is high investors’ confidence in conventional equity ETFs. Close on its heels is the iShares Core S&P 500 ETF (IVV), which received $89 billion in inflows, which is evidence of huge investor interest in large-cap U.S. equities.
Record-Breaking ETF Flows in the Year 2024
Overall, global ETFs had garnered $1.14 trillion for the year 2024 with a $225 billion or 25% increase from the previous record. This increase is a clear sign that the use of ETFs has increased in different types of assets. The growth cannot be attributed to the increase in AUM of new AOIs, but to the high performance of large and traditional funds such as VOO or IVV, and to the growth of Bitcoin ETFs, especially IBIT, which have grown rapidly recently.
The IBIT ETF by BlackRock started in January 2024 and seems to perform well beyond projected forecasts. In fact, the recent rise of IBIT shows how keen investors are for Bitcoin as in the first six trading days of October alone $1.5 billion was invested in it. Such great progress leading it to occupy one of the top three positions within such a short space of time clearly illustrates the growing trends of investment in digital currency assets.
Fidelity’s FBTC Joins the Top 20
The surge in Bitcoin ETF popularity is not limited to BlackRock’s IBIT. Fidelity’s Bitcoin ETF (FBTC) also made its mark, attracting $11 billion in inflows and securing a position in the top 20. This reflects a broader trend of increasing institutional interest in cryptocurrency-linked financial products, which is reshaping the ETF landscape.
As the year ends, BlackRock and Fidelity have emerged as dominant players in the Bitcoin ETF space, consistently recording inflows that keep their products in the green. Their strong performance indicates that the demand for Bitcoin exposure through ETFs is likely to continue growing in the coming years.