Among the top 20 listed exchange-traded funds (ETF) in the United States, half are directly related to digital assets. This result highlights how quickly the crypto market is expanding its presence in the traditional financial market.
ETF analyst Nate Geraci revealed on the 24th (local time) that over 1,300 ETFs have been newly launched in 2024, with cryptocurrency-related ETFs dominating the top 20 products in terms of investment inflows. These ETFs include physical BTC and ETH ETFs, leveraged ETH position tracking funds, MicroStrategy ($MSTR), and other cryptocurrency strategy exposure products.
According to data shared by Geraci, all four top ETFs in terms of fund inflows were cryptocurrency-related. The top performer was BlackRock's iShares Bitcoin Trust ETF (IBIT), which raised $5.74 billion (approximately 7.9786 trillion won) this year.
Following closely was Fidelity's Wise Origin Bitcoin Fund (FBTC), securing $1.21 billion (approximately 1.6819 trillion won). iShares Ethereum Trust (ETHA) also ranked high with $960 million (approximately 1.3344 trillion won) in inflows, and the 'YieldMax MSTR Option Income Strategy ETF (MSTY)' ranked fourth, raising $720 million (approximately 1.0172 trillion won) through monthly option strategies.
MSTY is an option strategy product based on MicroStrategy's stock price, which is not directly connected to cryptocurrency but is considered closely related to the crypto market due to the company's Bitcoin assets.
The growth of cryptocurrency products in the ETF industry demonstrates a surge in demand for digital assets among institutional and individual investors. Particularly after Bitcoin ETFs were officially listed in the US market, the competition among global asset management firms has intensified, creating a turning point for crypto to enter the mainstream of traditional finance.
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