In their first year of launch, Bitcoin and Ether exchange-traded funds experienced significant growth in the United States, with a combined total net inflow of $38.3 billion in 2024.
The Bitcoin ETFs led the way, surpassing early expectations from industry analysts with a total of $35.66 billion in net inflows.
The most successful was BlackRock’s iShares Bitcoin Trust ETF, which amassed $37.31 billion. Following IBIT were Fidelity’s Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF, which received net inflows of $11.84 billion and $2.49 billion, respectively.
The Bitwise Bitcoin ETF (BITB) also saw success with $2.19 billion in net inflows. Despite a strong start, Bitcoin ETFs experienced a decline towards the end of the year, with $1.33 billion in outflows since December 19.
The last six trading days recorded net outflows, and IBIT saw its largest outflow of $188.7 million on December 24. It is worth noting that retail investors were the primary drivers of demand for Bitcoin ETFs, with institutions yet to show significant interest.
