Spot Bitcoin launching in the United States in 2024 $93,746.2 and Ethereum 
$3,417.5 ETFs have attracted a lot of attention. Among the 740 ETFs launched this year, the highest inflows were in products related entirely to cryptocurrencies. With Donald Trump’s victory following the 2024 US elections, investors increased their interest in BTC and Ether ETFs. This interest has further strengthened with the influence of crypto-friendly policies and plans to create Bitcoin reserves.
Cryptocurrency ETFs Provide Highest Inflows
ETF Store President Nate Geraci stated that crypto-focused ETFs will come to the fore in 2024. “Four spot Bitcoin ETFs, two spot Ethereum ETFs and MicroStrategy ETFs are garnering investor interest,” Geraci said.
The interest of cryptocurrency investors has increased further with the products of large companies such as BlackRock and Fidelity. BlackRock’s IBIT and ETHA ETFs are in high demand among investors.
Investment Flow into Bitcoin and Ethereum ETFs
In the last week of 2024, there was an outflow of $388 million in spot Bitcoin ETFs between December 23 and December 27. However, Fidelity ETF (FBTC) received $183 million in weekly inflows. The total net asset value of Bitcoin spot ETFs is now $106.683 billion. Analyst Ali Martinez expects Bitcoin’s price to rise again if it maintains the $93,000 level. Ethereum remains stable at $ 3,400. However, blockchain data shows that Ethereum will follow a positive trend.
This intense interest in cryptocurrency ETFs is a sign of a major shift as BTC and Ethereum gain greater acceptance. The fact that investors are turning to cryptocurrency ETFs that are integrated into traditional financial markets shows that this change is accelerating further.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
