Crypto inflows have now become a major contributor to the overall ETF ecosystem in the US, with the spot crypto ETFs occupying mainstream popularity.
The total assets under management (AUM) among US exchange-traded funds (ETFs) has hit the $10 trillion mark. While it happened after the rally in the stock markets, crypto has also had a big role to play in it. The credit here can mainly be attributed to the spot crypto ETFs in the US. The ETFs have seen billions in crypto inflows from investors who have preferred to invest in crypto through this route.
According to a Bloomberg report, total inflows into all the US ETFs amounted to around $691 billion in 2024. In this figure, crypto inflows accounted for 3%. While this number could seem relatively small, it has occupied this share only within a few months. The spot crypto ETFs received their approvals from regulators in January this year. Since then, crypto investments through ETFs have grown steadily.
Leading analysts expect the AUM under US ETFs to only grow further in the future. As a result, the probability of the crypto ETFs growing cannot be ruled out. BlackRock’s ETF was the leading one among the others, attracting more than $21 billion in inflows in 2024 to date. The ETF of Fidelity comes in second on the list.
In the last few days, September 27 was one of the biggest days for inflows in these ETFs. The day recorded almost half a billion crypto inflows. The single biggest day of inflows has been around a billion dollars. On the other hand, the average inflows since the ETFs’ approvals stand at approximately $104 million. With the ETFs gaining traction among new investors as well, crypto investments could see compounded growth in the months ahead.
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