Claim BonusTop 4 Crypto ETFs to Buy In 2024
The Crypto ETFs are dominating industry spaces following renewed inflows into these funds from traditional finance investors. Crypto ETFs serve as an investment window to the underlying assets as some players may not want direct exposure.
Either way, investors are exposed to the underlying asset’s price leading to a new base of participants. Crypto ETFs particularly spot Bitcoin products sparked a frenzy and dominated industry spaces since an approval by the United States Securities and Exchange Commission (SEC). Recently, spot crypto ETFs are trending as top banks and institutions disclose their exposure. Here are the top crypto ETFs this year.
Grayscale Bitcoin Trust ETF (GBTC)
The company has fought a long battle with the SEC notching a landmark victory many believe led to the approval of spot Bitcoin ETFs. Grayscale was converted from a trust to an open-end ETF and witnessed a shaky start this year. Investors sold to invest in new competitors with cheaper fees. The fund boasts of $19 billion in Assets Under Management (AUM).
VanEck Ethereum Strategy ETF (EFUT)
Recently, this product has recorded inflows as it allows investors to track the price of Ethereum (ETH). Ethereum is the second largest crypto asset and has picked up a bullish sentiment with firms anticipating spot Ethereum ETF approvals. This product currently has $29 million in AUM.
Bitwise Bitcoin ETF (BITB)
Bitwise remains one of the big players in the ETF market with inflows hitting $2.1 billion. The fund is hailed as the first issuer to disclose its public wallet address amid other developments. With AUM marking 33,977 BTC, the crypto ETF is tipped to grow.
iShares Bitcoin Trust (IBIT)
BlackRock dominates crypto ETF narratives this year with its project. The asset management giant led the frenzy by filing for spot Bitcoin ETFs, a move that saw other firms making a similar filing. IBIT now has $17.2 billion in assets under management making it a leading product in the market.
Others include ProShares Ultra Bitcoin ETF, VanEck Digital Transformation ETF, Global C Bitcoin ETF, etc.
Also Read: How High Can PEPE Coin Price Go In May 2024?
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