2 weeks ago
Spot Bitcoin (BTC) exchange-traded funds (ETF) IBIT and FBTC are among the apical 20 by flows successful 2024, amassing $49 cardinal and representing 4.3% of full flows, as highlighted by Bloomberg ETF expert Eric Balchunas.
BlackRock’s IBIT registered the third-largest inflow past year, with implicit $37 cardinal successful superior flowing to the US-traded Bitcoin ETF. Additionally, IBIT’s assets nether absorption (AUM) full astir $52 billion, besting different ETFs among the apical 20.
IBIT was bested by 2 different elephantine accepted ETFs tied to the S&P 500. The iShares Core S&P 500 ETF (IVV) registered astir $87 cardinal successful flows, implicit 2 times the magnitude registered by IBIT, and Vanguard S&P 500 ETF (VOO) surpassed $116 cardinal successful inflows.
Meanwhile, Fidelity’s FBTC secured the 14th place, with $11.8 cardinal successful yearly flows. Yet, its AUM is considerably little than IBIT’s, astatine astir $19 billion.
The ETF marketplace amassed $1,14 trillion successful flows, with FBTC and IBIT nett flows combined representing 4.3% of the total. Notably, some funds person little than 1 twelvemonth since launch.
Another milestone conquered by US-traded Bitcoin ETFs — including spot, derivatives, and leverage — was surpassing golden ETFs’ full AUM successful mid-December.
Gearing up for a large year
President-elect Donald Trump’s pro-crypto stance, which has already seen favorable nominations to cardinal regulatory positions, has sparked optimism among manufacture players.
According to analysts, the ETF marketplace is among the areas acceptable for maturation nether a friendlier medication successful the US. Bitwise estimates that $35 billion will travel into Bitcoin ETFs this year, bringing successful implicit $70 cardinal successful inflows successful little than 2 years since their launch.
In summation to this prediction, Balchunas and his chap Bloomberg ETF expert James Seyffart expect a question of caller ETF approvals this year. However, contempt each the unit boosting this market, it whitethorn not beryllium capable to champion manufacture giants for now.
Adam Back, co-founder and CEO of Blockstream, questioned Balchunas if a spot Bitcoin ETF could overtake the apical spot successful inflows this year.
According to Balchunas:
“Maybe… VOO volition beryllium precise pugnacious to bushed by anyone fto unsocial a newcomer similar IBIT. It’s astir similar a nationalist inferior astatine this point. Gas, electrical and VOO.”
Nevertheless, 2 spot Bitcoin ETFs ranking among the apical 20 successful their debut twelvemonth is simply a important accomplishment by these products.
The station Spot Bitcoin ETFs interruption into apical 20 successful 2024, capturing 4.3% of full inflows appeared archetypal connected CryptoSlate.
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