Almost 40% of the top 50 ETFs this year focus on cryptocurrencies

Cryptocurrency-related exchange-traded funds (ETFs) now account for nearly 40% of the 50 best-performing ETFs launched in 2024.

The increase is an indicator of growing interest in digital assets, positioning these products as key parts of the investment space.

Crypto ETF leading the charge

According to data shared by ETF expert Nate Geraci in a Nov. 12 post on X, 19 of the 610 funds launched this year are directly tied to Bitcoin (BTC), Ethereum (ETH) or companies like MicroStrategy that have large crypto holdings. This impressive tally includes 12 of the top 20 products, with these crypto ETFs raking in billions of dollars.

At the head of the pack, BlackRock’s iShares Bitcoin Trust (IBIT) posted $24.7 billion in year-to-date (YTD) inflows. It was followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) in second place and the ARK 21Shares ARKB fund in third place. FBTC netted $10.75 billion YTD, and ARKB netted a more modest $2.6 billion.

The top non-crypto fund was the fourth-ranked PGIM Ultra Short Municipal Bond ETF, which has attracted nearly $2.47 billion in year-to-date flows.

Bitwise’s BITB rounds out the top five best-performing ETFs, having handled $2.3 billion in inflows since the start of the year. It is followed in sixth place by the first Ethereum ETF on the list, BlackRock’s iShares Ethereum Trust (ETHA), which has accumulated more than $1.4 billion in deposits since its launch in July.

Four other ETH-based exchange-traded funds are in the top 50, reflecting the asset’s continued appeal to investors despite the products’ relatively recent entry into the market. They include 17th-ranked Fidelity Ethereum Trust (FETH), Bitwise’s ETHW, which ranks 29th on the list, and Grayscale’s Ethereum Mini Trust ETF (ETH), which ranks 31st. Together, these products they have recorded flows exceeding $2.8 billion to date.

MicroStrategy makes headway in ETF offerings

The global value of crypto-related ETFs has also been boosted by several funds linked to MicroStrategy, including the YieldMax MSTR Option Income Strategy with more than $750 million on its books, and the ETF T -Rex 2X Long MSTR Daily Target, valued at more than $534 million.

MicroStrategy is the largest corporate holder of Bitcoin in the world, with over 279,000 BTC, which is currently worth around $24 billion.

Beyond the big names, smaller but impactful ETFs like the VanEck Bitcoin ETF ( HODL ), the ProShares Ultra Bitcoin ETF ( BITU ), and Coinshares Valkyrie offering BRRR have also gained traction. They’ve taken in $710 million, $696 million and $551 million, respectively, outperforming many major financial products, including Vanguard’s California Tax-Exempt Bond Fund.

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