Crypto ETFs captured eight of the top 10 spots for new fund launches in 2024, capturing over $62 billion in total flows during their first year of trading.
The iShares Bitcoin Trust ETF (IBIT) led the pack with an unprecedented $37 billion in inflows, according to Bloomberg data. The record-breaking launch surpassed all previous ETF debuts in history.
The rapid adoption of crypto ETFs represents a turning point for investors seeking regulated access to digital assets, with this year marking the first time traditional firms have offered direct cryptocurrency exposure.
The Fidelity Wise Origin Bitcoin Fund (FBTC) secured the second position with $11.9 billion in inflows, the data showed. The strong investor demand coincided with Bitcoin’s early December rally above $100,000, marking a historic year for the cryptocurrency.
Among the non-cryptocurrency-related funds to crack the top 10, the Invesco MSCI Global Climate 500 ETF (KLMT) gathered $1.6 billion in assets, according to Bloomberg. The fund focuses on companies leading climate change initiatives and sustainability efforts.
The iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) attracted $3.5 billion and $1.5 billion, respectively, demonstrating strong investor appetite for Ethereum exposure through regulated vehicles.
Meanwhile, the ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) each pulled in more than $2 billion, with ARKB collecting $2.4 billion and BITB gathering $2.1 billion. Both funds launched with competitive fee structures, including six-month fee waivers.
Two MicroStrategy-focused products rounded out the crypto related launches, with the YieldMax MSTR Option Income Strategy ETF (MSTY) and Defiance Daily Target 2X Long MSTR ETF (MSTX) attracting $1.7 billion and $1.4 billion respectively, Bloomberg data shows.
The Global X Russell 2000 ETF (RSSL) was the only other non-crypto fund to make the top 10, gathering $1.4 billion as it provided exposure to small-cap U.S. companies across various sectors.
