According to Odaily, Eric Balchunas, an ETF analyst, has reported that in the first half of 2024, 296 ETFs were launched. Among these, Bitcoin ETFs accounted for only 3%, which is approximately nine in number. However, despite their small number, these Bitcoin ETFs made up a significant 66% of the total assets. Furthermore, they accounted for about 75% of the organic traffic.
Balchunas shared this information on the X platform. The data highlights the growing influence and popularity of Bitcoin ETFs in the financial market. Despite being a small fraction of the total ETFs launched, they have managed to capture a significant portion of the market in terms of assets and organic traffic.
This trend indicates a strong interest and trust in Bitcoin ETFs among investors. It also suggests that Bitcoin ETFs are becoming a preferred investment option, despite the volatility often associated with cryptocurrencies. The high percentage of organic traffic also implies that these ETFs are attracting a lot of attention and interest from potential investors.
