Bitcoin dot (BitcoinExchange-traded funds (ETFs) IBIT and FBTC are among the top 20 in terms of flows in 2024, raising $49 billion and accounting for 4.3% of all flows. is highlighted By Bloomberg ETF analyst Eric Balchunas.
Black Rock IBIT recorded the third largest inflows last year, with more than $37 billion flowing into US-traded bitcoin ETFs. In addition, IBIT Assets under management (AUM) total nearly $52 billion, ranking among the top 20 ETFs.
IBIT was outperformed by two other giant traditional S&P 500-linked ETFs. The iShares Core S&P 500 ETF ( IVV ) had flows of nearly $87 billion, more than double the amount recorded by IBIT, and the Vanguard S&P 500 ETF ( VOO6 ) surpassed $11. Billion dollars inflow
Meanwhile, Loyalty FBTC It took the 14th place with 11.8 billion dollars in annual flow. However, its AUM is significantly lower than IBIT's at nearly $19 billion.
The ETF market collected $114 trillion in inflows, with FBTC and IBIT net inflows combined accounting for 4.3% of the total. It is worth noting that both funds are less than a year old.
Another milestone conquered by US-traded bitcoin ETFs – including cash, derivatives and leveraged – was surpassing the total AUM of gold ETFs in mid-December.
Getting ready for a great year
President-elect Donald Trump's The pro-crypto stance, which already has favorable candidates for key regulatory positions, has sparked optimism among industry players.
According to analysts, the ETF market is among the areas set for growth under a friendlier administration in the United States. Bitwise estimates $35 billion It will flow into Bitcoin ETFs This year, it brought in more than $70 billion in inflows in less than two years since their launch.
In addition to this forecast, Balchunas and his fellow Bloomberg ETF analyst James Seyfart Expect a wave of new ETF approvals this year. However, with all the pressures that are fueling this market, it may not be enough for the industry's best giants right now.
Adam returnedone of the founders and CEO of the company Block Streamasked Balchunas whether a Bitcoin ETF could top this year's inflows.
according to Balchon:
“Maybe… VOO is too hard for anyone let alone a newcomer like IBIT. It's almost like a utility at this point. Gas, electricity and VOO.”
Nevertheless, the ranking of two Bitcoin ETFs among the top 20 ETFs in their first year is a significant achievement by these products.
