BlackRock’s iShares Bitcoin Trust has led the market in 2024, accumulating over $37 billion in net inflows, significantly surpassing its nearest competitor, Fidelity Wise Origin Bitcoin Fund, which captured nearly $12 billion. The data, provided by Farside Investors, highlights BlackRock’s dominance in the Bitcoin ETF space. Furthermore, BlackRock’s iShares Ethereum Trust secured $3.5 billion in net inflows, maintaining its leadership over Fidelity Ethereum Fund, which reported $1.5 billion.
Overall, Bitcoin ETFs in the US recorded more than $35 billion in aggregate net inflows, equating to approximately $144 million daily. This figure reflects the ongoing shifts in the market, including over $20 billion in net outflows from the Grayscale Bitcoin Trust, which charges a management fee of 2.5%. To offer a more affordable option, Grayscale introduced the Bitcoin Mini Trust with a management fee of 0.15% annually.
The crypto market showed strong performance in 2024, bolstered by Donald Trump’s victory in the US presidential election, which some believe positively impacts the industry. For the first time, US Bitcoin ETFs surpassed $100 billion in net assets, with Bitcoin ETFs capturing the majority of the most successful ETF launches of the year. Among roughly 400 new ETFs, the top four by inflows were all spot Bitcoin ETFs, underscoring the cryptocurrency’s dominance in this sector.
