Source: cryptoslate
Compiled by: Blockchain Knight
Nate Geraci, CEO of ETF Store, emphasized that Crypto asset-related ETFs will lead in inflows in 2024, with the largest 8 funds launched this year all belonging to this industry.
This list includes four spot BTC ETFs, two Ethereum ETFs, and two MicroStrategy ETFs.
Over the past 12 months, these 8 funds have outperformed all about 740 ETFs.
BlackRock's spot BTC ETF IBIT recorded over $37 billion in net inflows in less than a year, ranking first.
IBIT also became the best-performing ETF ever launched, accumulating nearly $53 billion in assets under management (AUM) in 11 months.
Fidelity's spot BTC ETF FBTC ranked second with a total inflow of $12.2 billion, while BlackRock's spot Ethereum ETF ETHA ranked third with a positive net inflow of $3.5 billion.
This highlights the difference in flows between BTC and Ethereum ETFs, as the largest Ethereum ETF's inflows are 11 times lower than the largest BTC fund.
The other two BTC ETFs on the list are ARK 21shares' ARKB and Bitwise's BITB, which recorded $2.6 billion and $2.2 billion in inflows, respectively.
The first ETF related to MicroStrategy (YieldMax's MSTY) recorded the eighth-largest net inflow, close to $1.8 billion, followed by the second Ethereum ETF on the list (Fidelity's FETH) with a slightly higher than $1.5 billion net inflow.
Defiance's MSTX, with $1.4 billion in inflows, ranked among the top eight, becoming the second MicroStrategy-related ETF.
Analysts are optimistic about the prospects of US Crypto ETFs.
According to Bitwise's estimates, next year, BTC ETFs alone will attract $35 billion in inflows, accumulating over $70 billion in less than two years.
Additionally, Bloomberg ETF analysts Eric Balchunas and James Seyffart predict that a new wave of Crypto asset-related ETFs will emerge next year.
Furthermore, Geraci recently forecast that the regulatory environment will become more favorable for the industry in the coming months, making it possible for a Solana (SOL) ETF to be approved in 2025.
According to data from Farside Investors, from November 6 to December 27, spot BTC ETFs traded in the US recorded $12.1 billion in inflows, accounting for 34% of their total inflows so far this year.
The impact is more pronounced for spot Ethereum ETFs, which recorded $3.2 billion in inflows during the same period. These inflows were enough to reverse the over $500 million in negative net flows for these funds, which now total nearly $2.7 billion.
