As a seasoned crypto investor with a decade of experience under my belt, I must say that the astronomical inflows into Bitcoin and Ether spot ETFs in 2024 have left me quite impressed. The figures reported by Farside Investors are nothing short of staggering, particularly when you consider that early estimates put the first-year total at a mere $14 billion.
2024 saw unprecedented inflows of $35.66 billion into Bitcoin exchange-traded funds (ETFs) based in the U.S., significantly surpassing initial predictions from the industry. Meanwhile, Ether ETFs ended the year on a positive note, recording net inflows of $349.3 million over the last four trading days, which brings their total since launch to $2.68 billion.
Inflows for BlackRock’s iShares Bitcoin Trust ETF (IBIT) totaled a massive $37.31 billion, making it the largest in a group of five popular Bitcoin ETFs. The Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) ranked second and third with inflows of $11.84 billion and $2.49 billion, respectively. Trailing closely behind was the Bitwise Bitcoin ETF (BITB), which attracted $2.19 billion in investments, as per Farside Investors’ data.
The incoming funds significantly surpassed the initial $14 billion projection made by Galaxy Digital’s research head, Alex Thorn, in their first year of operation.
Nevertheless, Bitcoin ETFs didn’t show robust performance as the year drew to a close, experiencing a total of $1.33 billion in withdrawals from December 19 onwards.
Over the past six trading days, there have been net withdrawals for five out of those days. On December 24 specifically, IBIT experienced its biggest withdrawal amounting to approximately $188.7 million.
A recent October 25th analysis by cryptocurrency platform Binance revealed that approximately 80% of the interest in Bitcoin Spot Exchange-Traded Funds (ETFs) originated primarily from individual investors, rather than institutional ones.
In 2025, analysts like Matt Hougan, the chief investment officer at Bitwise, anticipate increased institutional participation due to the launch of more platforms enabling direct Bitcoin ETF trading.
Ether ETFs end on a strong note
By the end of 2024, Ether (ETH) Exchange-Traded Funds had accumulated approximately $2.68 billion in total net inflows since their launch on July 23, as reported by Farside Investors.
Leaving aside the outflows from the Grayscale Ethereum Trust ETF (ETHE), the total amount increases to approximately $6.29 billion.
The iShares Ethereum Trust ETF (ETHA) and the Fidelity Ethereum Fund (FETH) have seen the largest inflows of new investments, totaling approximately $3.52 billion for ETHA and $1.56 billion for FETH.
Among all ETFs, the Grayscale Ethereum Mini Trust ETF (ETH) had the third highest net inflows amounting to $608.1 million at its close. Meanwhile, the Bitwise Ethereum ETF (ETHW) has recently surpassed the $400 million mark.
As an analyst, I’ve observed that Ethereum (ETH) didn’t quite keep pace with Bitcoin and Solana (SOL) in 2024. However, based on Bitwise’s predictions, I anticipate ETH to make a strong comeback in 2025, potentially reaching a peak of $7,000.
According to Ryan Rasmussen, the Bitcoin expert from Hougan and Bitwise’s research team, the projected increase in Bitcoin value is largely due to heightened activity on Ethereum layer 2 networks, a surge in Ether exchange-traded fund (ETF) investments, rapid expansion of stablecoins, and significant growth in the tokenization of real-world assets.
Additional reporting by Ciaran Lyons.
Read More
- HBAR PREDICTION. HBAR cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
- ZIG PREDICTION. ZIG cryptocurrency
- POL PREDICTION. POL cryptocurrency
- 15 Games Everyone Wants Sequels For
- LDO PREDICTION. LDO cryptocurrency
- STEEM PREDICTION. STEEM cryptocurrency
- FXS PREDICTION. FXS cryptocurrency
- Shenmue 3 Publisher Wants to Know if You Want to See the Game on Xbox or Switch
- FragPunk Launches March 6th, 2025; New Cards Revealed
2024-12-28 09:04