Natalie Brunel, host of the Coin Stories podcast, discusses whether Michael Saylor's Bitcoin strategy works on “Making Money.”
The global exchange-traded fund industry is coming off its best year ever, with a record $1.4 trillion in sales through late December, according to Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors. There has been a huge influx, and total assets have reached $14 trillion.
“In active, both active equity and active fixed income and active ‘other’ strategies saw record flows of $150 billion, $100 billion and $20 billion, respectively. ” Bartolini pointed out:
As the number of active funds increases, investors are calling for new ETFs.
“Another reason has to do with the launch of crypto ETFs,” Sumit Roy, senior ETF analyst at ETF.com, told FOX Business. “As you've probably seen, the inflows are just extraordinary.”
Since its launch on January 5, 2024, the iShares Bitcoin Trust ETF (IBIT) has added more than $50 billion in assets, making it the largest publicly traded product in history, according to the company.
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iShares Bitcoin Trust ETF
“The inflow into IBIT since its launch confirms the preference of investors to gain exposure to Bitcoin through the convenience and quality of listed products. From expectations for measures There is renewed optimism. We will continue to focus on educating investors and providing them with convenient and transparent access to Bitcoin.” A BlackRock spokesperson told FOX Business in November.
Bitcoin rose more than 122% this year to hit an all-time high of $106,734, but has since retreated from that level. The crypto industry is gaining momentum following President-elect Donald Trump's victory in the White House and the promise of a more crypto-friendly regulatory environment.
In January, President Trump nominated former SEC official Paul Atkins, who enjoys strong industry support, to replace current SEC Chairman Gary Gensler.
Another driver is ETFs, which are considered more “tactical” and can take positions on both sides of a trade. These ETFs are among the top four performers in 2024, as tracked by VettaFi, with gains of more than 428% to 178%, far outpacing the S&P 500's 26% gain through Monday.
Top Performing ETFs in 2024: December 29, 2024 (Bettafi)
“Whether someone has an opinion that the market is going to go up or down in the short term, we have the tools to do that,” Direxion Managing Director Ed Egilinsky told FOX Business. he said.
The company's Direxion Daily NVDA Bull 2X stock has risen more than 300% this year. This will help investors capture the rise and fall of AI chip darling Nvidia. “Single stock, leveraged inverse single stock, we actually just crossed $6 billion with franchisees,” he added.
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The company currently owns 13 single-stock ETFs, with plans to expand in 2025.
