Two Bitcoin spot ETFs rank among top 8 for ETF inflows in 2024
According to Nate Geraci, President of the ETF Store, 2024 has marked a significant year for Bitcoin Exchange-Traded Funds (ETFs), particularly BlackRock IBIT and Fidelity FBTC. Geraci highlights these two Bitcoin ETFs as standing among the top 8 in terms of ETF inflows this year, a notable achievement considering the diverse ETF landscape.
CryptoSlate data on Feb. 21 reveals that IBIT has experienced net inflows totaling $5.5 billion, while FBTC has witnessed net inflows of $3.7 billion. These impressive numbers are in the company of inflows seen by three S&P 500 ETFs (VOO, IVV, & SPLG), the QQQ, Vanguard Total Stock Market ETF (VTI), and the iShares S&P 500 Value ETF (IVE), according to Geraci.
The success of IBIT and FBTC is further demonstrated by the combined net inflow of all spot US Bitcoin ETFs surpassing the $5 billion inflow benchmark. However, it is vital to quantify this success in a broader context. The aggregated investment across all Bitcoin US ETFs is estimated at around $41 billion.
Their success highlights the growing acceptance of Bitcoin as an asset and the potential future of ETFs in the digital asset space.
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