With only two days left until the end of 2024, this year has been a year of significant turning points for Bitcoin (BTC) and cryptocurrencies.
Chief among these events was undoubtedly the US SEC’s approval of spot Bitcoin ETFs in January and spot Ethereum ETFs in May.
While Bitcoin ETFs have been rocked by huge inflows, Etheruem ETFs have failed to perform as expected. However, ETF Store President Nate Geraci said that 2024 will be a year of significant success for crypto ETFs.
Nate Geraci noted the growing dominance of crypto-focused ETFs, saying that among the 740 ETFs launched in 2024, cryptocurrency ETFs took the top eight spots in terms of inflows.
Geraci said that of the top eight ETFs, four are spot Bitcoin ETFs, two are spot Ethereum ETFs, and the other two are two ETFs tracking MicroStrategy (MSTR).
According to the analyst's post, the top two ETFs that attracted attention were BlackRock's Bitcoin ETF IBIT and Fidelity's FBTC ETF, followed by BlackRock's Ethereum ETF ETHA.
Nate Geraci stated in another post that Solana spot ETFs are expected to receive approval in 2025 after Trump takes office.
Top 8 ETF launches of 2024 are now *all* crypto-related…
4 spot btc ETFs, 2 spot eth ETFs, & 2 mstr ETFs.
This is out of nearly 740 new ETFs. pic.twitter.com/ZpDpAI2CKR
— Nate Geraci (@NateGeraci) December 29, 2024
*This is not investment advice.
