US Spot Bitcoin ETFs Attract $35.66B in 2024, Ether ETFs Reach $2.7B in Inflows

gnificant milestones in 2024, with Bitcoin ETFs amassing over $35.66 billion in net inflows and Ether ETFs recording $2.68 billion since their launch in July, according to Farside Investors.

Bitcoin ETFs Dominate Inflows

BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the pack with $37.31 billion in inflows, surpassing initial industry expectations. Other major contributors included:

• Fidelity’s Wise Origin Bitcoin Fund (FBTC): $11.84 billion
• ARK’s 21Shares Bitcoin ETF (ARKB): $2.49 billion
• Bitwise Bitcoin ETF (BITB): $2.19 billion

Despite an impressive performance, Bitcoin ETFs experienced a slight downturn toward the year’s end, with $1.33 billion in outflows since December 19, including a single-day outflow of $188.7 million on December 24.

Retail and Institutional Trends

Retail investors accounted for nearly 80% of Bitcoin ETF demand in 2024. Industry experts anticipate that increased institutional participation, supported by operational clearinghouses, could drive Bitcoin prices to as high as $200,000 by 2025 (Bitwise) or $180,000 (VanEck).

Ether ETFs Surge Since Mid-Year Launch

Ether ETFs made their debut on July 23, 2024, quickly accumulating $2.68 billion in inflows. Top performers included:

• BlackRock’s iShares Ethereum Trust ETF (ETHA): $3.52 billion
• Fidelity’s Ethereum Fund (FETH): $1.56 billion
• Grayscale’s Ethereum Mini Trust ETF: $608.1 million
• Bitwise’s Ethereum ETF (ETHW): Over $400 million

Analysts expect Ether to rebound in 2025, with factors such as Layer 2 expansion and real-world asset tokenization potentially driving prices to $7,000.

Weekly Digital Asset Inflows

Digital asset investment products saw $308 million in net inflows last week, despite a single-day outflow of $576 million on December 19 due to the Federal Reserve’s hawkish announcement.

Key weekly highlights include:

• Bitcoin: $375 million in inflows
• Ethereum: $51 million in inflows
• Multi-asset products: $121 million in outflows
• Solana: $8.7 million in outflows

Outlook for 2025

As Bitcoin ETFs attract institutional interest and Ether gains momentum from structural developments, the digital asset market is poised for further growth. Investors remain optimistic about the continued integration of cryptocurrencies into mainstream financial instruments.