Cryptocurrency-related exchange-traded funds (ETFs) are dominating the list of best-performing ETFs launched in 2024, making up almost 40% of the top 50. This indicates a growing interest in digital assets and positions them as important components of the investment space. Bitcoin and Ethereum-backed ETFs, as well as funds related to companies like MicroStrategy, have attracted billions of dollars in investments. BlackRock's iShares Bitcoin Trust leads the pack with $24.7 billion in year-to-date inflows, followed by Fidelity's Wise Origin Bitcoin Fund and the ARK 21Shares ARKB fund. Ethereum-based ETFs have also gained traction, with several ranking in the top 50. MicroStrategy-linked funds have also contributed to the overall value of crypto-related ETFs. Smaller ETFs like VanEck Bitcoin ETF, ProShares Ultra Bitcoin ETF, and Coinshares Valkyrie offering have also gained traction. These crypto-related ETFs have outperformed many mainstream financial products.
- Content Editor ( cryptopotato.com )
- 2024-11-14
Almost 40% of This Year’s Top 50 ETFs Are Focused on Cryptocurrency