Crypto ETFs Dominate 2024 with Record Inflows and Market Expansion 📈
In 2024, cryptocurrency #ETFs dominated the market, with 13 of the top 25 largest ETF launches by inflows. The four biggest launches were all spot Bitcoin ETFs, led by BlackRock’s iShares Bitcoin Trust (IBIT) with nearly $21 billion in inflows. Other significant funds include Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).
Additionally, the iShares Ethereum Trust ETF (#ETHA ) surpassed $1 billion in inflows, leading the Ether-focused ETFs. As of August, total net assets in spot Bitcoin and Ethereum ETFs have exceeded $60 billion.
The market is expected to grow further with the introduction of new single-asset funds, such as Solana ETFs, and diversified crypto indexes like the Hashdex #Nasdaq Crypto Index ETF. This reflects massive adoption, with net inflows into spot crypto ETFs surpassing previous records in the ETF industry.
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