Crypto ETFs dominate top fund launches in 2024, led by record-breaking Bitcoin inflows
The ETF Store CEO Nate Geraci highlighted that crypto-related exchange-traded funds (ETFs) led inflows in 2024, with the eight largest funds launched this year belonging to the sector.
The list includes four spot Bitcoin (BTC) ETFs, two Ethereum (ETH) ETFs, and two MicroStrategy ETFs. The eight funds outperformed all of the roughly 740 ETF launches over the past 12 months.
BlackRock’s spot Bitcoin ETF, IBIT, took the top spot with over $37 billion in positive net flows recorded in less than a year. It also became the best ETF debut in history, with nearly $53 billion in assets under management (AUM) accumulated in 11 months.
Fidelity’s spot Bitcoin ETF, FBTC, comes in second with inflows totaling $12.2 billion, while BlackRock’s…
