The spot Bitcoin exchange-traded funds (ETFs) IBIT and FBTC have received significant inflows and are ranked among the top 20 ETFs by flows in 2024, according to Bloomberg ETF analyst Eric Balchunas. IBIT, managed by BlackRock, attracted over $37 billion in inflows last year and has assets under management (AUM) of around $52 billion, making it the third-largest inflow overall. FBTC, managed by Fidelity, secured the 14th place with $11.8 billion in yearly flows and has AUM of nearly $19 billion. Despite their success, industry giants such as traditional ETFs tied to the S&P 500 still dominate the market. Analysts predict further growth for Bitcoin ETFs under a crypto-friendly administration in the US, with estimated inflows of $35 billion this year, bringing the total to over $70 billion in less than two years since their launch. However, overtaking the top spot held by VOO, an S&P 500 ETF, may be challenging, according to Balchunas. Nevertheless, the fact that two spot Bitcoin ETFs have ranked among the top 20 in their debut year is seen as a significant achievement.



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