ETF Store CEO Nate Geraci highlighted that crypto-related exchange-traded funds (ETFs) dominated 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 the approximately 740 ETFs launched 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 historywith nearly $53 billion in assets under management (AUM) accumulated in 11 months.
Fidelity’s Bitcoin spot ETF, FBTC, comes in second with inflows totaling $12.2 billion, while BlackRock’s Ethereum spot ETF ETHA comes in third place with $3.5 billion in positive net flows.
This highlights the gap between Bitcoin and Ethereum ETFs in terms of flows, as inflows to the largest Ethereum ETF are 11 times lower than those to the largest Bitcoin fund.
The other two Bitcoin ETFs on the list are ARK 21shares’ ARKB and Bitwise’s BITB, which saw inflows of $2.6 billion and $2.2 billion, respectively.
The first MicroStrategy-related ETF, YieldMax’s MSTY, saw the eighth largest net flow, close to $1.8 billion, followed by the second Ethereum ETF on the list – Fidelity’s FETH – which saw slightly more of $1.5 billion in net flows.
Defiance’s MSTX finishes the top 8 as the second MicroStrategy-related ETF, with $1.4 billion in inflows.
Just the beginning
Analysts are optimistic about the future of crypto ETFs in the United States. Bitwise estimates that Bitcoin ETFs alone will attract $35 billion in inflows next year, surpassing the $70 billion accumulated in less than two years.
Meanwhile, Bloomberg ETF analysts Eric Balchunas and James Seyffart expect a wave of new crypto-related ETFs next year. Additionally, Geraci recently predicted that the regulatory landscape is expected to become more favorable to the sector in the coming months, making approval of a Solana ETF (SOL) likely in 2025.
According to Farside Investors dataU.S.-traded spot Bitcoin ETFs saw $12.1 billion in inflows between November 6 and December 27, representing 34% of their year-to-date flows.
The impact was even more significant on Ethereum spot ETFs, which registered $3.2 billion in admissions during the same period. Capital flows were sufficient to reverse more than $500 million in negative net flows from these funds, now totaling nearly $2.7 billion.
