Spot Bitcoin (BTC) exchange-traded funds (ETF) IBIT and FBTC are among the top 20 by flows in 2024, amassing $49 billion and representing 4.3% of total flows, as highlighted by Bloomberg ETF analyst Eric Balchunas. 

BlackRock’s IBIT registered the third-largest inflow last year, with over $37 billion in capital flowing to the US-traded Bitcoin ETF. Additionally, IBIT’s assets under management (AUM) total roughly $52 billion, besting other ETFs among the top 20.

IBIT was bested by two other giant traditional ETFs tied to the S&P 500. The iShares Core S&P 500 ETF (IVV) registered nearly $87 billion in flows, over two times the amount registered by IBIT, and Vanguard S&P 500 ETF (VOO) surpassed $116 billion in inflows.  

Meanwhile, Fidelity’s FBTC secured the 14th place, with $11.8 billion in yearly flows. Yet, its AUM is considerably lower than IBIT’s, at nearly $19 billion.

The ETF market amassed $1,14 trillion in flows, with FBTC and IBIT net flows combined representing 4.3% of the total. Notably, both funds have less than one year since launch.

Another milestone conquered by US-traded Bitcoin ETFs — including spot, derivatives, and leverage — was surpassing gold ETFs’ total AUM in mid-December.

Gearing up for a great year

President-elect Donald Trump’s pro-crypto stance, which has already seen favorable nominations to 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 US. Bitwise estimates that $35 billion will flow into Bitcoin ETFs this year, bringing in over $70

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Author: Gino Matos