Crypto dominates the biggest ETF launch of 2024: The ETF Store
Cryptocurrency exchange-traded funds (ETFs) accounted for 13 of the 25 largest ETF startups by year-to-date revenue in 2024, according to data posted on the X forum by Nate Geracchi, president of ETF Store, an investment advisory firm. ETFs
In the year Of the roughly 400 new ETFs launched in 2024, the four largest startups by revenue stream are all Bitcoin (BTC) ETFs, Gerasi said.
BlackRock's iShares Bitcoin Trust (IBIT) tops the chart and has nearly $21 billion in revenue so far. It was followed by the Fidelity Wise Origin Bitcoin Fund (FBTC), which has net assets of approximately $10 billion, and the ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB), each with approximately $2 billion in net assets. Post.
In seventh place, the iShares Ethereum Trust ETF (ETHA) led the pack among Ether (ETH) ETFs with a net inflow of more than $1 billion. According to data from fund researcher Morningstar, the ETF cleared the $1 billion mark in August.
The top ETF will launch in 2024. Source: ETF Store
Related: Crypto ETFs Expand to New Asset Types, Indices – Grayscale Executive
According to Morningstar, the total net assets in the spot BTC and ETH ETF are more than $60 billion.
According to an executive at asset manager Greyscale Investments, the cryptocurrency ETFs market will continue to expand into new types of digital assets and various crypto indices.
“We're going to see a lot more single assets and then some index-based and diversified products,” said Dave Lavalle, head of global ETFs at Greyscale, on August 12.
Several other proposed crypto ETFs require regulatory approval. They include new single-asset funds like the Solana ETF and various crypto indices, such as the Hashdex Nasdaq Crypto Index ETF.
The crypto ETFs that entered the space “tripled the largest one-year inflow ever in ETF history,” Lavallee said. “So we're talking about a big, big adoption.”
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