BlackRock’s entrance to Bitcoin exposure through its spot Bitcoin ETF has seen it achieve well over $37 billion dollars of net flows and approximately $53 billion dollars AUM in 11 months. This performance created a record of its kind, thus making it the most successful ETF of its kind ever launched in its history.
Top Performers Breakdown
After FBTC, with $12.2 billion drawn to it, the second most popular is BlackRock’s Ether ETF. ETHA, which accumulated inflows of $3.5 billion. Moreover, ARK 21shares’ ARKB and Bitwise’s ETF both each generated $2.6 billion and $2.2 billion respectively.
Bitcoin vs Ethereum ETF Comparison
Ethereum has 4 ETFs compared to Bitcoin’s 1. while the largest Ethereum ETF has accumulated such a significantly lower inflow when compared to the Bitcoin ETF. Which was expected as Bitcoin is the largest crypto currency and still the leader of this industry. However, fresh figures reveal that Ethereum ETF investment has recorded a massive boost in the current network.
Future Outlook
Analysts have expected more growth in the future because Bitwise expects $35 billion for the Bitcoin ETF for the next year. Furthermore, It is also expected that new crypto-related ETFs will appear and the regulation will be more favourable.
Record-Breaking Performance
Observing the performance of crypto ETF in 2024, I think that the interest of institutional investors in Bitcoin-linked products have significantly increased and paved way for expansion of more crypto ETFs.
