Digital Asset Funds Capture Half of the Top 20 New ETFs
In less than a year, crypto-linked exchange-traded funds (ETFs) have secured half of the top 20 ETF spots by inflows in the United States, highlighting surging investor demand for regulated digital asset exposure.
According to ETF market data, over 1,300 ETFs have launched since January 2024, yet products tied to Bitcoin, Ether, and crypto-related equities dominate the leaderboard.
The iShares Bitcoin Trust ETF (IBIT), backed by BlackRock, leads with $57.4 billion in investor inflows, making it the largest among newly launched ETFs. It is followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $12.1 billion, and the iShares Ethereum Trust (ETHA) with $9.6 billion.
“The scale of these inflows signals that institutional adoption of crypto is now firmly underway,” said Nate Geraci, ETF market analyst. “Investors increasingly want exposure in a format that’s regulated and easily traded.”
Another standout is the YieldMax MSTR Option Income Strategy ETF (MSTY), which drew $7.2 billion. While not directly holding crypto, it tracks a company known for significant Bitcoin treasury reserves.
Spot Ether ETFs have also seen record performance. In July 2024, these funds brought in $5.4 billion in monthly inflows, marking a new all-time high. This was driven by a 20-day streak of consecutive inflows, underlining strong market sentiment toward Ethereum.
Although early August saw the first outflows since the record, investor interest quickly rebounded. On a single day in August, spot ETH ETFs attracted $1 billion in inflows, setting a new daily high.
Why Crypto ETFs Are Gaining Ground
Experts point to a shift in investor preferences from complex crypto derivatives toward regulated, exchange-traded structures. These ETFs offer an easier, safer, and more familiar route to gain exposure to Bitcoin and Ether without handling the assets directly.
“The regulatory wrapper gives both retail and institutional investors more confidence to participate in the digital asset space,”
With crypto ETFs claiming five of the top 10 spots for 2024 launches, analysts expect continued growth as the sector expands to include more blockchain and DeFi-related products.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.