In a year that has seen the launch of 610 new ETFs, it’s pretty wild to note that nearly 40% of the top 50 performing ETFs are all about cryptocurrency! 19 out of the top 50 are linked to Bitcoin, Ethereum, or crypto-heavy companies like MicroStrategy.
Most popular crypto ETFs
Out of those 610 new funds, 19 are directly tied to Bitcoin, Ethereum, or companies like MicroStrategy that hold significant amounts of crypto.
19 of top 50 ETF launches this yr are now btc, eth, or mstr related…
Includes 12 of top 18.
This is out of 610 launches overall. pic.twitter.com/WEp5d3TNvN
— Nate Geraci (@NateGeraci) November 12, 2024
In fact, 12 of the top 20 products are crypto ETFs, and they’ve already pulled in billions of dollars this year.
Leading the charge is BlackRock’s iShares Bitcoin Trust, which has racked up $24.7 billion in inflows so far this year.
Following closely behind is Fidelity’s Wise Origin Bitcoin Fund with $10.75 billion, and ARK 21Shares ARKB fund with $2.6 billion.
The first non-crypto fund on the list is PGIM’s Ultra Short Municipal Bond ETF, which has attracted nearly $2.47 billion in inflows. Bitwise’s BITB rounds out the top five with over $2.3 billion since January.
Ethereum ETFs join the party
Ethereum is also getting its share of attention, finally. The first Ethereum ETF on the list is BlackRock’s iShares Ethereum Trust, which has accumulated more than $1.4 billion since its launch in July.
There are four other ETH-based ETFs in the top 50, including Fidelity’s Ethereum Trust and Bitwise’s ETHW, collectively bringing in over $2.8 billion.
MicroStrategy, the new favorite in the industry
MicroStrategy, known as the largest corporate holder of Bitcoin with over 279,000 BTC valued at around $24 billion, is also boosting the crypto ETF scene.
Their linked funds, like YieldMax MSTR Option Income Strategy and T-Rex 2X Long MSTR Daily Target ETF, have seen pretty big inflows of $750 million and $534 million, respectively.
Even smaller players like VanEck’s Bitcoin ETF and ProShares Ultra Bitcoin ETF are making some waves with inflows of $710 million and $696 million.
These figures show that many crypto ETFs are outperforming traditional financial products like Vanguard’s California Tax-Exempt Bond fund.
So with nearly 40% of this year’s top-performing ETFs focused on cryptocurrency, it’s clear that digital assets are carving out their share from the investment sector.
