Since the beginning of 2024, crypto ETFs have been gaining popularity, securing significant positions among investment products in the market.
Crypto ETF Ranking
According to an August 10 post by wealth manager Nate Geraci, more than 1,300 ETFs have launched since early 2023. Among them, 10 of the top 20 by total inflows are crypto-related ETFs, including five bitcoin ETFs and two ethereum ETFs. Leading the charge is the iShares Bitcoin Trust ETF (IBIT), which has collected over $57.4 billion in inflows, followed by Fidelity’s FBTC and BlackRock’s Ethereum fund.
ETFs Recover after Outflows
Despite recent volatility, crypto ETFs continue to show growth. Last week saw significant outflows from spot ETH ETFs, totaling $465 million. However, they rebounded, recording $461.21 million in net inflows on August 8. Leading the charge was BlackRock’s ETHA, followed by Fidelity’s FETH.
The Future of Crypto ETFs
Crypto ETFs may continue to strengthen their market positions given the recent data showing stable increases in inflows. As of August 8, total inflows into bitcoin ETFs amounted to $403.88 million. Analyzing current trends, analysts suggest that crypto ETFs could maintain leadership roles in the investment fund space.
Given the current data, investments in crypto ETFs remain relevant. High investor interest supports the growth dynamics of these funds.
