Crypto ETFs Lead Investment Trends Despite Recent Drops
Crypto ETFs are dominating the investment landscape this year, with a significant portion of the $2 billion in new ETF flows directed towards Bitcoin (BTC) and Ethereum (ETH) funds.
Among the 25 crypto-focused ETFs launched, 13 are tied to these major digital currencies.
*13* of top 25 ETF launches this yr are either bitcoin or ether related…
Out of approx 400 new ETFs.
Top 4 ETFs all spot btc. pic.twitter.com/gIkAiIM1jZ
— Nate Geraci (@NateGeraci) September 2, 2024
The top four performing ETFs are U.S.-based Bitcoin funds, with BlackRock’s iShares Bitcoin Trust (IBIT) leading the pack, nearing $21 billion in investment. Fidelity’s FBTC follows with nearly $10 billion, while ARK 21Shares’ ARKB and Bitwise’s BITB have also performed strongly, gathering $2.3 billion and $2 billion, respectively.
BlackRock’s iShares Ethereum Trust (ETHA) has also seen significant inflows, surpassing $1 billion, making it one of the top performers in the sector. VanEck’s HODL, Valkyrie’s BRRR, and ProShares’ BITU are notable for their substantial inflows, with figures ranging from $446 million to $581 million.
READ MORE: Economist Predicts Bitcoin Could Hit $100,000 in 3 Months
Despite strong performances earlier, recent trends show a downturn. Bitcoin ETFs experienced substantial outflows last week, losing over $277 million, largely due to ARKB’s $226 million in negative flows. Conversely, BlackRock’s IBIT saw an inflow of $210 million, highlighting its relative strength amid market volatility.
Ethereum ETFs also faced challenges, with a net outflow of $12.4 million, including no new inflows on August 30—the first such instance since their debut in late July.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
