Of the roughly 400 ETFs (exchange-traded funds) launched this yr, cryptocurrency-related ETFs have accounted for almost all of inflows to date this yr, with 13 of the 25 linked to Bitcoin (BTC) or Ethereum (ETH).
In keeping with the breakdown, the 4 largest funds are all U.S.-traded spot Bitcoin ETFs, with inflows exceeding $2 billion year-to-date. Share Article by ETF Retailer CEO Nate Geraci.
IBIT dominates inflows YTD
BlackRock's iShares Bitcoin Belief ETF (IBIT) leads the pack by a large margin with $21 billion in inflows, Constancy's FBTC is closing in on the $10 billion mark, and ARK 21Shares' ARKB and Bitwise's BITB spherical out the highest 4 with $2.3 billion and $2 billion in inflows, respectively, year-to-date.
In the meantime, BlackRock's iShares Ethereum Belief (ETHA) has seen inflows exceed $1 billion and is now the seventh-largest exchange-traded fund by inflows this yr.
VanEck's Spot Bitcoin ETF HODL was the eleventh largest fund with inflows of roughly $581 million, whereas Valkyrie's BRRR and ProShares' BITU adopted because the 14th and fifteenth largest funds with inflows of $527.8 million and $446 million, respectively.
Franklin Templeton's EZBC is the 18th largest fund on the checklist, with practically $395 million in inflows anticipated in 2024. Just under it, by lower than $2 million, is Constancy's Ethereum Fund (FETH), the nineteenth ETF with the biggest inflows to date this yr.
Grayscale’s MiniTrustBTC and Invesco’s BTCO spherical out the Bitcoin ETFs on the checklist shared by Djerassi. MiniTrustBTC ranked twenty second with inflows of roughly $348 million, whereas BTCO ranked twenty third with inflows of $342 million year-to-date.
Bitwise's Ethereum ETF (ETHW) completed final amongst cryptocurrency ETFs with inflows of $314 million, making it the twenty fourth largest fund.
Cryptocurrency ETFs Leaking
Bitcoin and Ethereum spot ETFs each noticed web outflows final week. In keeping with knowledge from Far Facet Traders, U.S.-traded spot Bitcoin ETFs misplaced greater than $277 million in money between Aug. 26 and Aug. 30, pushed primarily by ARKB's $226 million web outflow.
In the meantime, BlackRock's IBIT ended the week with inflows of greater than $210 million, regardless of no buying and selling on three of the 5 buying and selling days.
Moreover, U.S.-traded spot Ethereum ETFs ended the week with $12.4 million in outflows, with smaller outflows adopted by related outflows. Lack of exerciseThe funds noticed zero inflows on August 30, the primary time since their launch on July 23.
