Crypto ETFs Lead the Charge in 2024 Fund Launches

According to recent data, cryptocurrency-focused exchange-traded funds (ETFs) have made a significant impact, accounting for 13 of the top 25 ETF launches in 2024. This information highlights the increasing interest and inflows in the crypto ETF sector.

Top ETF Launches by Inflows

Among the approximately 400 new ETFs introduced this year, the leading four ETF launches by inflows are entirely comprised of spot Bitcoin (BTC) ETFs:

• BlackRock’s iShares Bitcoin Trust (IBIT): Nearly $21 billion in inflows.
• Fidelity Wise Origin Bitcoin Fund (FBTC): Close to $10 billion in net inflows.
• ARK 21Shares Bitcoin ETF (ARKB): Around $2 billion in net inflows.
• Bitwise Bitcoin ETF Trust (BITB): Approximately $2 billion in net inflows.

Ethereum ETFs Also Performing Well

Ranking seventh among all launches is the iShares Ethereum Trust ETF (ETHA), which has led the Ether (ETH) ETFs with over $1 billion in net inflows. Data from Morningstar indicates that this ETF surpassed the $1 billion mark as of August.

The total assets in spot Bitcoin and Ethereum ETFs have now exceeded $60 billion, according to Morningstar.

Future Developments in Crypto ETFs

The cryptocurrency ETF market is expected to expand further into different digital assets and diversified crypto indexes. Dave LaValle, the global head of ETFs at Grayscale Investments, mentioned on August 12:

“We’re going to see a number of more single asset products, and then also certainly some index-based and diversified products.”

Proposed Crypto ETFs Seeking Regulatory Approval

Many additional crypto ETFs are currently in the process of seeking regulatory approval. This includes new types of single-asset funds, such as Solana ETFs, as well as diversified crypto indices like the Hashdex Nasdaq Crypto Index ETF.

LaValle noted that net inflows into spot crypto ETFs have surpassed “more than three times the largest one-year inflow of any ETF ever in the history of ETFs,” indicating a trend of massive adoption in the market.