Crypto ETFs Dominate 2024 Newcomer Rankings, Capture Half of Top 20 Spots
Cryptocurrency-focused exchange-traded funds (ETFs) are leading the 2024 market, claiming 10 of the top 20 positions among newly launched ETFs. The surge highlights growing investor appetite for digital asset exposure, even amid periods of market turbulence.
Top Performers in 2024
Data from ETF market tracking shows that out of more than 1,300 ETFs launched since early 2024, crypto-related funds occupy the highest ranks. The top four performers are all linked to Bitcoin or Ethereum, with spot Bitcoin ETFs leading in total inflows. Ethereum products, leveraged funds, and even ETFs tied to companies heavily invested in crypto are also seeing strong adoption.
Spotlight on Bitcoin and Ethereum ETFs
The iShares Bitcoin Trust ETF currently holds the largest inflows, surpassing $57 billion, followed by Fidelity’s Bitcoin fund at over $12 billion. Ethereum-focused products have also gained significant traction, with BlackRock’s Ethereum ETF pulling in nearly $10 billion this year.
Leveraged products and income strategy ETFs connected to crypto firms like MicroStrategy have carved out a share of the leaderboard as well, reflecting diversification in investor strategies.
Resilience Amid Volatility
While recent weeks brought large single-day outflows for both Bitcoin and Ethereum spot ETFs, the sector rebounded quickly. Ethereum ETFs, for example, saw nearly half a billion dollars in net inflows in a single day after a sharp sell-off earlier in the month. Bitcoin ETFs also reversed heavy outflows to register hundreds of millions in net inflows within days.
A Growing Share of the ETF Market
The performance of these products signals not only the rising mainstream appeal of cryptocurrencies but also their increasing role in diversified investment portfolios. As 2025 approaches, market analysts expect competition among issuers to intensify, with new crypto-linked ETFs likely joining the ranks of the year’s most successful launches.