Cryptocurrency occupies 10 of the 20 positions in ETFs introduced since 2024

Digital Assets Capture Half of ETF Trading on Major US Exchanges

Recently, it was revealed that about half of the funds traded on the top 20 US exchanges are linked to digital assets. This trend indicates a growing interest in this sector among investors.

ETF analyst Nate Geraci noted on Monday that since the start of 2024, a total of 1,300 ETFs have hit the market, with crypto assets taking the lead in terms of investment inflows. This includes ETFs for Bitcoin (BTC) and Ether (ETH), in addition to funds focused on leveraged strategies and products exposed to MSTR.

Geraci presented findings showing that the top four assets attracting funds are all related to cryptocurrency, such as BlackRock’s iShares Bitcoin Trust ETF (IBIT). Fidelity’s Wise Origin Bitcoin Fund (FBTC) has maintained a substantial amount at $12.1 billion, while the iShares Ethereum Trust (ETHA) has fetched $9.6 billion. Also noteworthy is the Aldemax MSTR Options Revenue Strategy ETF (MSTY), which earned $7.2 billion, though it’s not directly tied to crypto; it’s worth mentioning that the company has ties to Bitcoin holdings.

Crypto-Based ETFs Leading Since 2024

The leading crypto ETFs include a collection of five spot Bitcoin funds, two spot ether funds, two focused on various strategies, and one leveraged ETH ETF. Following the top four, the ARK 21 share Bitcoin ETF (ARKB), Bitwise Bitcoin ETF Trust (BITB), and the Fidelity Ethereum Fund ETF (FETH) are ranked 11th, 12th, and 13th respectively, each drawing over $2.2 billion in inflows.

Moreover, the grayscale Bitcoin Minitrust ETF (BTC), a 2x Ether ETF (ETHU), and the Defiance Daily Target 2x Long MSTR ETF (MSTX) take the 18th, 19th, and 20th spots, collectively garnering over $1.5 billion. The growth of these crypto-centered ETFs points to a clear investor interest in gaining exposure to regulated trades in digital assets, a space that has traditionally been more complex to navigate.

Spot Ether ETFs See Record Inflows

As the Crypto landscape evolves with exchange-traded products, Spot Ether ETFs have seen remarkable inflows, especially when the market for those assets turns bullish. In July, Spot ETH ETFs recorded an impressive $5.4 billion in monthly inflows, marking an all-time high for ETH-based investment products. This was part of a streak of inflows lasting 20 days; however, August brought the first decline in inflows after that record.