4 American Bitcoin exchange-traded funds have recently climbed into the top 20 most successful ETF debuts ever, as the cryptocurrency sector celebrates its first anniversary since the U.S. Securities and Exchange Commission gave the green light to the first spot Bitcoin ETFs.
On January 10, 2024, the SEC’s approval opened the door for 11 Bitcoin (BTC) Spot ETFs to debut on American exchanges. This launch happened concurrently with Bitcoin’s surge to a record-breaking peak in March 2024, surpassing $100,000 before experiencing a correction.
A year on, the remarkable growth experienced by these ETFs in the market is still noteworthy, but what truly stands out are the records they’ve managed to shatter.
On January 10, 2025, Bloomberg ETF analyst, James Seyffart, published a forecast of spot Bitcoin ETFs after a year.
As per Seyffart’s observations, it’s quite remarkable that Four-Corner Bitcoin ETFs have made it into the elite group of the top 20 most successful ETF launches ever.
The four ETFs being discussed are: BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Ark/21Shares Bitcoin ETF (ARKB), and Bitwise’s Bitcoin ETF (BITB). Impressively, BlackRock’s IBIT has managed to amass more than $50 billion in assets under management within just a year. Interestingly, it took their gold ETF approximately 20 years to reach nearly $30 billion in Assets Under Management (AUM).
Seyffart pointed out that the initial year for Bitcoin ETFs was extraordinarily successful. When considering inflation, four of these Bitcoin ETFs rank among the top 20 most successful launches in the U.S., including $IBIT, $FBTC, $ARKB, and $BITB.
Among the top historical ETF launches, IBIT takes the number one spot. Meanwhile, FBTC, ARKB, and BITB hold positions four, sixteen, and eighteen on the list, respectively.
One interesting observation I’ve made is that two ETFs from smaller issuers, ARK/21 Shares and Bitwise, with approximately $4 billion each, rank among the top 20 most successful launches ever. It’s astonishing to see such success from relatively small entities.
Among various Bitcoin investment products, VanEck’s HODL ranks the lowest at 99th place, followed closely by CoinShares Valkyrie’s BRRR in the 162nd spot. Invesco Galaxy’s BTCO is ranked 196th, Franklin Templeton’s EZBC holds the 199th position, while WisdomTree’s BTCW is positioned at 384th.
Based on figures from SoSoValue, the combined net worth of all U.S. Bitcoin Exchange-Traded Funds (ETFs) was more than $106 billion by January 9, 2025. This amount represents approximately 5.74% of the total value of all Bitcoins in circulation.
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2025-01-10 22:28