- Bitcoin ETFs ended 2024 with $5.32 million in net flows, led by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $37 million in inflows, while BlackRock’s iShares Bitcoin Trust ETF (IBIT) remained the top performer despite $23.4 million in outflows.
- Ethereum ETFs saw a late surge but continued to underperform compared to Bitcoin, reflecting Ether’s declining trend against BTC throughout the year.
As 2024 drew to a close, Bitcoin exchange-traded funds (ETFs) made headlines with positive net flows, signaling sustained investor interest in cryptocurrency-backed financial products. According to data from SoSoValue, Bitcoin ETFs recorded total net flows of $5.32 million on January 1, 2025, reinforcing their position as a key player in the crypto investment ecosystem.
Fidelity’s FBTC Leads the Pack
The spotlight remains on Fidelity’s Wise Origin Bitcoin Fund (FBTC), which took the lead with nearly $37 million in inflows. With assets now totaling $18.9 billion, FBTC is inching closer to the $20 billion milestone. Its consistent performance throughout 2024 cements its role as a favored choice for investors seeking Bitcoin exposure.
BlackRock’s iShares Bitcoin Trust ETF (IBIT): A Mixed Finish
BlackRock’s iShares Bitcoin Trust ETF (IBIT), which dominated much of 2024 with unprecedented inflows, experienced $23.4 million in outflows on the final day of the year. Despite this modest setback, IBIT’s overall success is undisputed, boasting an impressive $51.7 billion in total assets. Its groundbreaking presence has reshaped the landscape for Bitcoin ETFs, attracting institutional and retail investors alike.
Other Contenders See Moderate Gains
The ARK 21Shares Bitcoin ETF (ARKB) and the Grayscale Bitcoin Trust ETF (GBTC) also registered inflows of $11.21 million and $9.63 million, respectively. While these figures trail behind FBTC and IBIT, they reflect the ongoing appeal of diversified Bitcoin investment options.
Ethereum ETFs: Late Surge but Lagging Overall
While Bitcoin ETFs continue to shine, Ethereum ETFs have had a more subdued trajectory. On December 31, 2024, Ethereum ETFs saw nearly $36 million in net flows, led by Fidelity’s Ethereum Fund (FETH) with $31.77 million in inflows. Despite this late-year surge, Ethereum ETFs lagged significantly behind their Bitcoin counterparts, underscoring Ether’s underperformance against Bitcoin in 2024.
Crypto Outlook for 2025
As Bitcoin starts 2025 trading at $93,420, its highest yearly close yet, the focus shifts to whether these ETFs can maintain their momentum. With Ethereum’s ETH/BTC pair continuing to decline, investors may prioritize Bitcoin ETFs as the dominant cryptocurrency investment vehicle.
The robust performance of Bitcoin ETFs in 2024 highlights their maturation as a financial product. Whether this growth will sustain or evolve into new trends remains a key question for 2025. For now, the data speaks volumes: Bitcoin ETFs are here to stay, shaping the future of crypto investments.
