US-listed Bitcoin, Ether ETFs tally $38.3B net inflows in launch year
In 2024, U.S. spot Bitcoin exchange-traded funds (ETFs) achieved $35.66 billion in net inflows, surpassing initial estimates of $14 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led with $37.31 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) with $11.84 billion and $2.49 billion, respectively. Despite strong inflows, Bitcoin ETFs experienced $1.33 billion in outflows since December 19, with IBIT seeing a significant outflow of $188.7 million on December 24. Retail investors accounted for nearly 80% of demand, with expectations for increased institutional involvement in 2025. Spot Ether ETFs closed 2024 with $2.68 billion in net inflows since their launch on July 23, led by BlackRock’s iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH). Excluding outflows from Grayscale Ethereum Trust ETF (ETHE), total inflows would reach $6.29 billion. Analysts anticipate a rebound for Ether in 2025, projecting a potential high of $7,000 due to increased activity on Ethereum layer 2s and growth in stablecoins and asset tokenization.
