#BTCUptober Bitcoin and Ethereum ETFs Dominate 525 New Launches This Year, Claiming 13 of the Top 25 Spots
Demand for crypto-related ETFs is proving stronger than expected, according to recent data.
Nate Geraci, President of The ETF Store, Inc., recently criticized claims of limited demand for crypto-related ETF products, presenting evidence that highlights a significant trend. As Geraci pointed out, several of the top-performing ETFs launched in 2024 are tied to crypto assets, signaling a robust market appetite for digital asset exposure.
According to Geraci, out of the 525 exchange-traded funds (ETFs) launched in 2024, 13 of the top 25 are directly related to either Bitcoin or Ethereum. This figure increases to 14 when considering MicroStrategy’s MSTR Option Strategy ETF, which also has exposure to digital assets.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) secured the second spot, with an inflow of $9.84 billion. The ARK 21Shares Bitcoin ETF (ARKB) followed, amassing $2.63 billion in YTD inflow. Bitwise Bitcoin ETF Trust (BITB) rounded out the top four, garnering $2.1 billion.
Ethereum-Related ETFs Gain Traction
While Bitcoin ETFs lead in overall inflows, Ethereum-focused ETFs are also gaining traction. The iShares Ethereum Trust ETF (ETHA) is the top-performing Ethereum-related ETF, with a notable YTD inflow of $1.15 billion.
Fidelity’s Ethereum Fund ETF (FETH) follows with inflows totaling $453.66 million. This growth highlights an emerging interest in Ethereum-related products, even though they trail behind Bitcoin in overall performance.
