The just-concluded year, 2024, set a new benchmark for the ETF industry, with #Bitcoin ETFs contributing massively to a historic total net inflows of $1.14 trillion.
The BlackRock Bitcoin ETF (IBIT) secured $37.25 billion in assets during its first year of trading. According to Eric Balchunas, senior ETF analyst at Bloomberg, this significant figure placed it in third place on the final Top 20 ETF Leaderboard for 2024.
This rapid growth for an ETF that is less than a year old highlights the growing institutional interest in cryptocurrency, particularly Bitcoin.
Top Ranking ETFs for 2024 Amid Record $1T Inflows
Meanwhile, the Vanguard S&P 500 ETF (VOO) and iShares Core S&P 500 ETF (IVV) claimed the top two spots. VOO closed 2024 with a massive $116 billion inflow, a staggering $65 billion more than its previous record. Likewise, IVV finished with $89 billion in assets.
Despite their dominance, the rapid rise of IBIT in under a year of launch indicates how investors are increasingly looking to diversify into digital assets through ETFs.
Notably, total flows into mainstream ETFs in 2024 broke records, with $1.14 trillion flowing into the sector. This figure represents a 25% increase from the previous year, totaling $225 billion more in assets.
Ranking of global ETFs for 2024 featuring BlackRock Bitcoin ETF
