4 U.S. spot Bitcoin exchange-traded funds are actually ranked among the many high 20 greatest ETF launches in historical past, because the crypto business marks one yr because the U.S. Securities and Trade Fee accredited the primary spot Bitcoin ETFs.
The SEC’s approval on Jan. 10, 2024, paved the way in which for 11 spot Bitcoin (BTC) ETFs to go dwell on U.S. exchanges. The launch coincided with Bitcoin’s rally to a brand new all-time excessive in March 2024, crossing the $100,000 mark earlier than present process a correction.
Whereas the market has seen large development since these ETFs started buying and selling, it’s the data they’ve damaged that stand out a yr later.
Learn extra: Bitcoin ETFs report almost $1b inflows as BTC rallies previous $102k
On Jan. 10, 2025, Bloomberg ETF analyst James Seyffart shared a abstract of spot BTC ETFs one yr down the road.
In response to Seyffart, some of the stunning milestones is the inclusion of 4 spot Bitcoin ETFs within the checklist of the highest 20 ETF launches of all time.
The ETFs in query are BlackRock’s iShares Bitcoin Belief (IBIT), Constancy’s Smart Origin Bitcoin Fund (FBTC), Ark/21Shares Bitcoin ETF (ARKB), and Bitwise’s Bitcoin ETF (BITB). Notably, BlackRock’s IBIT surpassed $50 billion in belongings underneath administration in lower than a yr. Compared, the asset supervisor’s gold ETF took almost 20 years to cross $30 billion in AUM.
“Simply how massive was the primary yr for Bitcoin ETFs? Large,” Seyffart famous. “Even when you inflation regulate the belongings, 4 of the Bitcoin ETFs are within the high 20 US ETF launches of all time. $IBIT, $FBTC, $ARKB, and $BITB.”
IBIT tops the checklist of greatest ETF launches in historical past, whereas FBTC, ARKB, and BITB rank fourth, sixteenth, and 18th, respectively.
“A key takeaway of mine right here is that even the 2 ETFs from comparatively small issuers ARK/21 Shares and Bitwise which “solely” have ~$4 billion every are nonetheless within the high 20 launches of all time. That’s loopy,” the analyst added.
VanEck’s HODL ranks 99, CoinShares Valkyrie’s BRRR 162, Invesco Galaxy’s BTCO 196, Franklin Templeton’s EZBC 199 and WisdomTree’s BTCW at place 384.
In response to information from SoSoValue, the entire web belongings in U.S. spot Bitcoin ETFs stood at over $106 billion as of Jan. 9, 2025, accounting for about 5.74% of Bitcoin’s complete market capitalization.
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