Cryptocurrency ETFs Dominate the Exchange-Traded Fund Sector
Cryptocurrency exchange-traded funds (ETFs) account for 13 of the top 25 ETF launches in 2024
According to Nate Geraci, president of The ETF Store, of the roughly 400 new ETFs launched year-to-date, the top four launches have been spot Bitcoin ETFs.
BlackRock’s iShares Bitcoin Trust (IBIT) topped the list with nearly $21 billion in inflows.
It was followed by Fidelity Wise Origin Bitcoin Fund (FBTC), with nearly $10 billion in net inflows, and the ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB), each with roughly $2 billion in inflows.
