In recent months, there has been a sharp increase in interest in cryptocurrency-linked ETFs, as evidenced by their significant presence among top products in the market.
Crypto Dollars in the Stock Market
According to ETF analyst Nate Geraci, half of the top 20 ETFs in the US today are linked to digital assets. Since the beginning of 2024, over 1,300 ETFs have launched, with crypto assets leading in investment inflows.
Top Performing Crypto ETFs
Leading the inflows are ETFs such as BlackRock’s iShares Bitcoin Trust with over $57.4 billion, Fidelity’s Wise Origin Bitcoin Fund with $12.1 billion, and the iShares Ethereum Trust with $9.6 billion. Notably, the YieldMax MSTR Option Income Strategy ETF had $7.2 billion, although it is not purely a crypto fund.
New Records for Ether ETFs
There is a new surge of interest in Ether ETFs. In July 2024, they recorded $5.4 billion in new inflows, though August saw the first outflows. Nevertheless, by early September, Ether ETFs attracted $1 billion in a single day.
The increasing interest in cryptocurrency-linked ETFs underscores the need for such instruments in the financial market and attracts more investors to this space.
