TechFlow reports, on October 27, according to the latest data from Bloomberg, among the 575 ETFs launched in 2024, Bitcoin and Ethereum ETFs occupy 14 of the top 30 spots, with Bitcoin ETFs taking the top four positions. BlackRock's iShares Bitcoin Trust has recorded the largest capital inflow among nearly 1,800 newly issued ETFs over the past four years. To date, Bitcoin ETF products have surpassed $20 billion in total assets under management, reaching a milestone in just 10 months that took gold ETFs five years to achieve.
Bloomberg analyst James Seyffart said the rapid influx of capital stems partly from long-standing pent-up investment demand, and also reflects strong interest in crypto assets from traditional financial institutions, including hedge funds. In contrast, Ethereum ETFs launched in July this year have performed relatively weakly. Affected by the redemption wave from Grayscale’s Ethereum Trust (ETHE), the nine Ethereum ETFs have seen a total net outflow of $472.7 million so far.
