Both Bitcoin (BTC) and Ethereum (ETH) ETFs have been launched in the US this year. While BTC ETFs saw strong demand, ETH ETFs underperformed with weak performance.
However, according to the latest data, demand for cryptocurrency-related ETFs is stronger than expected.
Nate Geraci, President of The ETF Store, criticized the limited demand for cryptocurrency-related ETFs in his post, emphasizing the increasing trend towards ETFs.
Geraci said many of the best-performing ETFs launched in 2024 are tied to cryptocurrencies, indicating a strong market appetite for exposure to crypto assets.
Geraci said that at this point, 525 ETFs have been launched in 2024, with 13 of the top 25 being directly related to Bitcoin or Ethereum.
Noting that BTC and ETH ETFs are among the best US ETF launches of 2024, Geraci said the top four ETFs are all spot Bitcoin ETFs.
Among these four, BlackRock’s IBIT is in first place, followed by Fidelity’s FBTC, ARK 21Shares’ ARKB, and Bitwise’s BITB.
Additionally, BlackRock’s Ethereum ETF ETHA ranked 7th in overall inflows. This is a sign that Ethereum-focused ETFs are also gaining momentum, as Bitcoin ETFs lead the way in overall inflows.
“Of the 525 ETFs launched in 2024, 13 of the top 25 are related to Bitcoin or Ethereum.
If you include the MSTR Option Strategy ETF 14.
The top 4 ETFs are all spot BTC ETFs.
5 of the top 7 ETFs are crypto-related.”
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