In 2024, the United States saw a significant increase in net inflows for spot Bitcoin exchange-traded funds, reaching $35.66 billion.
This surpassed early industry projections and the spot Ether ETFs also performed well, with a total of $349.3 million in net inflows in the last four trading days and a total of $2.68 billion since its launch. The iShares Bitcoin Trust ETF (IBIT), managed by BlackRock, had the highest net inflows of $37.31 billion.
This was followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with net inflows of $11.84 billion and the ARK 21Shares Bitcoin ETF (ARKB) with $2.49 billion. The Bitwise Bitcoin ETF (BITB) also had a significant net inflow of $2.19 billion, according to Farside Investors.
These net inflows far exceeded the earlier estimate of $14 billion for the first year, as predicted by Alex Thorn, the head of research at Galaxy Digital.
