Four US-based spot Bitcoin ETFs have now been ranked among the top 20 ETFs in history, as the cryptocurrency industry celebrates one year since the US Securities and Exchange Commission approved the first spot Bitcoin ETFs.
SEC approval on January 10, 2024 paved the way for an 11-point Bitcoin (Bitcoin) ETFs will begin trading on US stock exchanges. The launch coincided with Bitcoin's rise to a new all-time high in March 2024, surpassing the $100,000 mark before undergoing a correction.
While the market has seen tremendous growth since these ETFs began trading, it's the records they broke that stand out a year later.
On January 10, 2025, James Seyphart, a Bloomberg ETF analyst, said subscriber Summary of spot BTC ETFs after one year.
According to Seyphart, one of the most surprising milestones is the inclusion of four bitcoin ETFs on the list of the top 20 ETFs ever launched.
The ETFs in question 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). Notably, BlackRock's IBIT exceeded $50 billion in assets under management in less than a year. By comparison, the asset manager's gold ETF took nearly 20 years to surpass $30 billion in assets under management.
“How big were Bitcoin ETFs in the first year? It's huge,” Seyvart noted. “Even if you adjust for assets, 4 of the Bitcoin ETFs are in the top 20 US ETFs ever launched. $IBIT, $FBTC, $ARKB, $BITB."
IBIT tops the list of best ETFs launched in history, while FBTC, ARKB and BITB are ranked 4th, 16th and 18th respectively.
“My main takeaway here is that even the two ETFs from relatively small issuers ARK/21 Shares and Bitwise, which 'only' have roughly $4 billion each, are still in the top 20 launches of all time,” the analyst added. : This is crazy.
VanEck's HODL is ranked 99th, CoinShares Valkyrie's BRRR 162nd, Invesco Galaxy's BTCO 196th, Franklin Templeton's EZBC 199th, and WisdomTree's BTCW is 384th.
according to Data from SoSoValueTotal net assets in U.S. spot Bitcoin ETFs were more than $106 billion as of January 9, 2025, representing approximately 5.74% of the total Bitcoin market capitalization.
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