Four Bitcoin ETFs Among Top 20 by AUM
One year after their debut in the United States, four spot Bitcoin (BTC) exchange-traded funds (ETFs) rank among the 20 ETFs with the highest assets under management (AUM).
BlackRock’s spot Bitcoin ETF, IBIT, led the pack, outshining nearly 4,000 ETFs tracked by Bloomberg ETF analyst James Seyffart. With over $52 billion in AUM, IBIT emerged as the best-performing Bitcoin ETF and ranked among the top-performing ETFs overall.
Fidelity and ARK Invest Shine in Bitcoin ETF Race
Fidelity’s Bitcoin ETF, FBTC, secured fourth place with nearly $20 billion in AUM within a year of its launch.
ARKB, a spot Bitcoin ETF managed by 21shares and ARK Invest, ranked 16th, amassing $4.4 billion in AUM. Bitwise’s BITB rounded out the Bitcoin ETFs in the top 20, holding the 18th position with approximately $4 billion in AUM.
Seyffart noted the impressive performance of BITB and ARKB, managed by smaller asset managers, in breaking into the top 20 ETFs launched last year.
VanEck’s HODL Joins Top 100
When expanding the scope to the top 100 ETF launches, VanEck’s Bitcoin ETF, HODL, earned its spot with $1.3 billion in AUM, ranking 99th.
Bitcoin ETFs Outpace Gold in Launch Year
Record-Breaking Global Flows
IBIT and FBTC were among the top contributors to global ETF flows, representing over 4% of the total $1.14 trillion in global net flows. These two Bitcoin ETFs were surpassed only by iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 ETF (VOO) in net inflows.
Bitcoin ETFs Surpass Gold ETFs
In their first year, US-traded Bitcoin ETFs achieved over $37 billion in inflows, far exceeding the $2.5 billion recorded by gold ETFs in their inaugural year. Even in gold ETFs’ best year, inflows reached only $30 billion, falling short of Bitcoin ETFs’ stellar debut performance.
Cumulative AUM of Bitcoin ETFs Exceeds Gold ETFs
In mid-December, the total AUM of all Bitcoin ETFs, including spot, derivatives, and leveraged ETFs, surpassed the cumulative AUM of gold ETFs—a significant milestone for the cryptocurrency sector.
Strong Weekly Flows Despite Outflows
Farside Investors’ data revealed that US-traded spot Bitcoin ETFs recorded $462 million in net positive flows for the week ending January 10, even after a notable outflow of $570 million on January 8.
This strong performance underscores the growing investor interest in Bitcoin ETFs as they establish themselves as a formidable alternative to traditional investment vehicles.