Crypto ETFs account for 14 of the top 30 new ETFs issued this year

According to Decrypt, the latest data from Bloomberg shows that among the 575 ETFs to be issued in 2024, Bitcoin and Ethereum ETF products occupy 14 of the top 30 positions, with Bitcoin ETFs taking the top four spots. The iShares Bitcoin Trust Fund under BlackRock has set a record for the largest inflow of funds among the 1,800 new ETFs launched in the past four years. As of now, the total asset size of Bitcoin ETF products has exceeded $20 billion, reaching a milestone achieved by Gold ETFs in 5 years, in just 10 months. Bloomberg analyst James Seyffart stated that the rapid influx of funds is partly due to long-pent-up investment demand, and also reflects the strong interest of traditional financial institutions, including hedge funds, in crypto assets. In comparison, the Ethereum ETF launched in July this year has performed relatively weakly, with the Grayscale Ethereum Trust (ETHE) redemption wave causing a net outflow of $472.7 million for the nine Ethereum ETFs.