Crypto ETFs Dominate Top 20 US Exchange-Traded Funds in 2024

Half of the top 20 ETFs in the United States are linked to crypto, highlighting the growing interest in digital assets among investors.

On Monday, ETF analyst Nate Geraci revealed that over 1,300 ETFs have launched in 2024. Yet, crypto-linked funds are leading the race in terms of inflows. The top 20 investment products include Bitcoin ETFs, Ether ETFs, leveraged ETH funds, and strategy-based exposure products like MSTR-linked ETFs.

BlackRock and Fidelity Lead the Crypto ETF Market

According to Geraci’s data, the top four ETFs by inflows are all crypto-related.

• BlackRock’s iShares Bitcoin Trust ETF (IBIT) leads with over $57.4 billion in inflows.

• Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with $12.1 billion.

• iShares Ethereum Trust (ETHA) secured $9.6 billion.

• YieldMax MSTR Option Income Strategy ETF (MSTY), tied to MSTR stock with strong Bitcoin exposure, attracted $7.2 billion.

Although MSTR isn’t directly a cryptocurrency, the company is known for its Bitcoin treasury holdings, making it popular among crypto-focused investors.

Crypto ETFs Dominate New Launches in 2024

Since the start of 2024, crypto ETFs have dominated the market, with the top performers including:

• Five spot Bitcoin ETFs

• Two spot Ether ETFs

• Two strategy-based ETFs

• One leveraged ETH ETF

Other high-ranking funds include:

• ARK 21Shares Bitcoin ETF (ARKB) – $2.2 billion inflows

• Bitwise Bitcoin ETF Trust (BITB) – $2.2 billion inflows

• Fidelity Ethereum Fund ETF (FETH) – $2.2 billion inflows

Additionally, the Grayscale Bitcoin Mini Trust ETF (BTC), 2x Ether ETF (ETHU), and Defiance Daily Target 2x Long MSTR ETF (MSTX) each recorded over $1.5 billion in inflows.

Investor Appetite for Regulated Crypto Exposure

The rise of crypto-linked ETFs shows that investors want regulated, exchange-traded access to digital assets. This marks a shift from relying on complex investment mechanisms and reflects a mainstream acceptance of cryptocurrencies.

Spot Ether ETFs Hit New Records

While Bitcoin ETFs dominate in inflows, spot Ether ETFs are also seeing a surge.
In July 2024, these funds recorded $5.4 billion in monthly inflows, the highest ever for ETH-based investment products. This came with a 20-day streak of inflows.

Although August started with the first outflows since the record, the momentum remains strong. On Monday, spot Ether ETFs set a new daily record of $1 billion in inflows.

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