Cryptocurrency ETFs are gaining a substantial position in the investment market, taking up a significant portion among the top new funds in 2024.
Leading Crypto ETFs
According to ETF expert Nate Geraci, as shared on November 12, 19 out of 610 funds launched this year are directly tied to Bitcoin (BTC), Ethereum (ETH), or companies like MicroStrategy with large crypto holdings. Leading the pack is BlackRock’s Bitcoin Trust with $24.7 billion in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund with $10.75 billion.
MicroStrategy's Role in ETFs
MicroStrategy-linked funds are also adding significant value to the overall crypto-related ETFs. The YieldMax MSTR Option Income Strategy holds over $750 million, and the T-Rex 2X Long MSTR Daily Target ETF over $534 million. MicroStrategy, as the largest corporate holder of Bitcoin, makes these funds attractive to investors.
Impact on Investment Market
Ethereum-based ETFs also show steady appeal, having attracted over $2.8 billion in inflows, strengthening their market position. This interest highlights the growing attraction to digital assets, making them key elements in modern investment portfolios.
The increasing popularity of cryptocurrency-focused ETFs underscores the rising interest in digital assets and their role in the global investment landscape.