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Crypto-focused exchange-traded funds (ETFs) are leading year-to-date inflows among the nearly 400 ETFs introduced this year, with 13 out of 25 of these funds linked to Bitcoin (BTC) or Ethereum (ETH).
The four largest funds are all spot Bitcoin ETFs available in the US, collectively amassing over $2 billion in year-to-date inflows, as detailed in a report provided by The ETF Store CEO Nate Geraci.
IBIT leads year-to-date inflows
BlackRock’s iShares Bitcoin Trust ETF (IBIT) is in the lead by a significant margin, approaching $21 billion. Fidelity’s FBTC is nearing the $10 billion threshold, while ARK 21Shares’ ARKB and Bitwise’s BITB complete the top four with $2.3 billion and $2 billion in year-to-date inflows, respectively.
Additionally, BlackRock’s iShares Ethereum Trust (ETHA) has exceeded $1 billion in inflows, making it the seventh-largest ETF in terms of inflows this year.
VanEck’s spot Bitcoin ETF HODL ranks as the 11th largest fund, with approximately $581 million in inflows, while Valkyrie’s BRRR and ProShares’ BITU follow closely as the 14th and 15th largest, with inflows of $527.8 million and $446 million, respectively.
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Franklin Templeton’s EZBC is the 18th largest fund on the list, nearing $395 million in inflows for 2024. Just below it, with a margin of less than $2 million, Fidelity’s Ethereum Fund (FETH) ranks as the 19th ETF with the most significant year-to-date flow.
Grayscale’s mini trust BTC and Invesco’s BTCO complete the participation of Bitcoin ETFs on the list shared by Geraci. The mini trust BTC recorded nearly $348 million in inflows, securing the 22nd position, while BTCO accumulated $342 million in year-to-date inflows, placing it in the 23rd spot.
Bitwise’s Ethereum ETF (ETHW) concludes the crypto ETFs with $314 million in inflows, making it the 24th largest fund.
Crypto ETFs experience outflows
Both Bitcoin and Ethereum spot ETFs experienced net outflows last week. Data from Farside Investors indicates that spot Bitcoin ETFs traded in the US lost over $277 million in cash from Aug. 26 to Aug. 30, primarily due to ARKB’s $226 million in negative net flows.
Conversely, BlackRock’s IBIT ended the week with over $210 million in inflows, despite minimal activity on three out of five trading days.
Furthermore, US-traded spot Ethereum ETFs concluded the week with $12.4 million in outflows. This relatively small figure was accompanied by a notable lack of activity, as these funds recorded no flows on Aug. 30, marking the first instance since their launch on July 23.
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