Cryptocurrency exchange-traded funds (ETFs) accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows, according to Nate Geraci, president of The ETF Store, an investment adviser specializing in ETFs. Of the approximately 400 new ETFs launched in 2024, the four biggest launches by inflows have all been spot Bitcoin (BTC) ETFs, with BlackRock's iShares Bitcoin Trust (IBIT) topping the charts with almost $21 billion in inflows.

The Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB) have also seen strong inflows, with nearly $10 billion and roughly $2 billion respectively. The iShares Ethereum Trust ETF (ETHA) led the pack among Ether (ETH) ETFs with upward of $1 billion in net inflows.

According to Morningstar, a fund researcher, the total net assets in spot BTC and ETH ETFs exceed $60 billion, reflecting the growing demand for cryptocurrency investment products among investors.

Source: https://cointelegraph.com/news/crypto-dominates-biggest-2024-etf-launches

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