Crypto ETFs account for 14 of the top 30 new ETFs issued in 2024

BlockBeats news, on October 27, according to Decrypt, citing the latest data from Bloomberg, of the 575 newly issued ETFs in 2024, Bitcoin and Ethereum ETF products occupy 14 of the top 30 seats, and Bitcoin ETFs take the top four. BlackRock's iShares Bitcoin Trust Fund has set a record for the largest inflow of funds among 1,800 newly issued ETFs in the past four years. As of now, the total asset size of Bitcoin ETF products has exceeded US$20 billion, reaching a milestone that took gold ETFs 5 years to achieve in 10 months.

Bloomberg analyst James Seyffart said that such a rapid influx of funds is due to long-term backlog of investment demand on the one hand, and on the other hand, it also reflects the strong interest of traditional financial institutions, including hedge funds, in crypto assets. In contrast, the Ethereum ETF launched in July this year performed relatively weakly. Affected by the redemption trend of Grayscale Ethereum Trust Fund (ETHE), the current nine Ethereum ETFs have a total net outflow of US$472.7 million.