ETF Store CEO Nate Geraci emphasized that Crypto asset-related ETFs topped the list in terms of inflows in 2024, and the eight largest funds launched this year all belong to the industry.
The list includes four spot BTC ETFs, two Ethereum ETFs, and two micro-strategy ETFs.
These eight funds have outperformed all of the approximately 740 ETFs in the past 12 months.
BlackRock's spot BTC ETF IBIT topped the list with more than $37 billion in positive net flows in less than a year.
IBIT also became the best ETF to be launched in history, accumulating nearly $53 billion in assets under management (AUM) in 11 months.
Fidelity’s spot BTC ETF FBTC ranked second with a total of $12.2 billion in inflows, while BlackRock’s spot Ethereum ETF ETHA ranked third with $3.5 billion in positive net inflows.
This highlights the difference in flows between BTC and Ethereum ETFs, as the largest Ethereum ETF has 11 times less inflows than the largest BTC fund.
The other two BTC ETFs on the list are ARK 21shares’ ARKB and Bitwise’s BITB, which recorded inflows of $2.6 billion and $2.2 billion, respectively.
The first MicroStrategy-related ETF (YieldMax’s MSTY) recorded the eighth-largest net inflows at nearly $1.8 billion, followed by the second Ethereum ETF on the list (Fidelity’s FETH) with net inflows of just over $1.5 billion.
Defiance’s MSTX rounded out the top eight with $1.4 billion in inflows, becoming the second MicroStrategy-related ETF.
Analysts are optimistic about the prospects for U.S. Crypto ETFs.
Bitwise estimates that BTC ETFs alone will attract $35 billion in inflows next year, accumulating more than $70 billion in less than two years.
Meanwhile, Bloomberg ETF analysts Eric Balchunas and James Seyffart expect a wave of new Crypto asset-related ETFs to emerge next year.
In addition, Geraci recently predicted that the regulatory environment will become more favorable to the industry in the coming months, making it possible for the Solana (SOL) ETF to be approved in 2025.
According to Farside Investors, spot BTC ETFs traded in the U.S. recorded $12.1 billion in inflows between November 6 and December 27, accounting for 34% of their year-to-date flows.
The impact on spot Ethereum ETFs was even more significant, which recorded $3.2 billion in inflows during the same period. These flows were enough to reverse more than $500 million in negative net flows for these funds, which now total nearly $2.7 billion.
Andrew Tate plans to ditch fiat for Bitcoin, investing $100 million in the cryptocurrency due to frustrations with traditional banking and inflation concerns. El Salvador's bold adoption of Bitcoin as legal tender, coupled with its innovative mining methods using volcanic power, showcases a growing trend towards digital currencies and renewable energy in the global financial landscape.
AnaisRumors suggest that the SEC might make a 180-degree turn on approving a spot Ethereum ETF. In response, Ethereum surged over 15%, and Bitcoin broke the $70,000 mark.
AlexEther surged close to 20% within 24 hours, driven by fresh speculation from analysts. Despite months of prevailing pessimism, it was suggested that spot Ether ETFs might receive approval this week.
CatherineMajor tech giants like OpenAI, Google, Apple, Microsoft, and ByteDance are fiercely competing in the AI race, investing heavily in developing advanced AI models and integrating AI into their products. As AI technology advances, ensuring security measures are in place to prevent exploitation and combat misinformation becomes increasingly crucial for fostering safe and responsible AI innovation.
JoyRussian President Putin accuses the US of attempting to block Russia's payments to China and other countries. Putin claims: "This is truly stupid and a huge mistake by the American political elite because they are causing themselves enormous harm."
MiyukiA 16-year-old genius from China bought Bitcoin for $10 in 2010 and later established a well-known trading platform. However, due to three hacker attacks, a staggering $7.2 billion worth of Bitcoin was lost.
WeiliangOpenAI has suspended the ChatGPT voice model ‘Sky’ due to its uncanny resemblance to Scarlett Johansson, emphasizing that AI-generated voices should not intentionally imitate those of celebrities.
KikyoNeuralink gains FDA approval for second brain chip implant, aiming to expand trials with plans to target ten participants. While facing criticism for transparency and safety concerns, the company's progress offers hope for individuals like Noland Arbaugh, demonstrating potential life-changing improvements in quality of life.
WeatherlyThree insiders revealed that on Monday, officials from the U.S. Securities and Exchange Commission (SEC) unexpectedly requested Nasdaq and the Chicago Board Options Exchange (CBOE) to quickly update and revise their spot Ethereum ETF listing application documents. This is a requirement typically made before approval, suggesting that the agency might be preparing to approve these companies' applications.
AlexThe U.S. Securities and Exchange Commission is reportedly set to approve an Ether spot ETF as soon as Wednesday. Fidelity has amended its S-1 filing, and Ether surged past $3,840 upon hearing the news before pulling back.
Miyuki