Crypto-related exchange-traded funds (ETFs) have seen significant interest and inflows year-to-date, with 13 out of 25 new funds indexed to Bitcoin (BTC) or Ethereum (ETH). The leading funds include BlackRock’s iShares Bitcoin Trust ETF (IBIT) with close to $21 billion in inflows, followed by Fidelity’s FBTC, ARK 21Shares’ ARKB, and Bitwise’s BITB. BlackRock’s iShares Ethereum Trust (ETHA) has also surpassed $1 billion in inflows.
Other notable Bitcoin ETFs include VanEck’s HODL, Valkyrie’s BRRR, and ProShares’ BITU, all with significant inflows. Franklin Templeton’s EZBC and Fidelity’s Ethereum Fund (FETH) are also among the top funds in terms of year-to-date flows. Grayscale’s mini trust BTC and Invesco’s BTCO round out the list of top-performing Bitcoin ETFs, with millions in inflows.
Despite the overall positive trend, both Bitcoin and Ethereum spot ETFs experienced net outflows last week. ARKB’s negative net flows led to over $277 million in outflows for spot Bitcoin ETFs, while BlackRock’s IBIT saw inflows of over $210 million. US-traded spot Ethereum ETFs also saw outflows, albeit in smaller amounts, with no trading activity on August 30.
Overall, the surge in interest and inflows for crypto-related ETFs demonstrates growing investor confidence and acceptance of digital assets like Bitcoin and Ethereum. Despite recent outflows, the long-term potential for cryptocurrency ETFs remains promising, as more investors seek exposure to the booming crypto market through regulated and accessible investment vehicles.
