Data indicates that cryptocurrency-linked ETFs will now make up nearly 40% of the top 50 ETFs launched through 2024.
This trend reflects the significant growth in interest in digital assets and their increasing role in the investment landscape.
Of the 610 new funds this year, 19 were directly tied to bitcoin, ether or companies with large crypto holdings like MicroStrategy.
Among the top 20 funds, cryptocurrency-related products dominated, generating billions of dollars in cash flows.
BlackRock’s iShares Bitcoin Trust (IBIT) topped the list, with inflows of $24.7 billion since the start of the year.
It was followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with a net gain of $10.75 billion, and then ARK 21Shares ARKB with a net gain of $2.6 billion.
In fourth place was the PGIM Ultra Short Municipal Bond ETF, the first non-cryptocurrency fund, with $2.47 billion in inflows.
The fifth place went to the Bitwise BITB fund with inflows exceeding $2.3 billion, followed by iShares Ethereum Trust (ETHA) as the first Ethereum-based fund on the list, which has raised more than $1.4 billion since its launch in July.
Other Ethereum-based funds such as the Fidelity Ethereum Trust (FETH) and Grayscale Ethereum Mini Trust ETF (ETH) also saw strong inflows of over $2.8 billion in total, reflecting the growing interest.
MicroStrategy has been a major contributor to the value of crypto-related ETFs with its products such as the YieldMax MSTR Option Income Strategy, which has attracted over $750 million, and the T-Rex 2X Long MSTR Daily Target ETF, which has attracted over $534 million.
MicroStrategy is currently the largest Bitcoin holder in the world, with over 279,000 BTC worth nearly $24 billion.
