Over the past month, crypto ETFs experienced billions of dollars flow into them and significant outflows, making it easier for those who invest in these funds. However, these investment vehicles are not the same. In the past 30 days, the clear winner and other outstanding performers emerged.
According to the latest data shared by Phoenix Group, in the last 30 days, overall crypto ETFs had a total AUM (asset under management) of $122.1 billion. However, the funds generally experienced a net outflow of $219.2 million during the same period.
CRYPTOCURRENCY #ETFs OVERVIEW (30D)#iShares #FidelityWiseOrigin #Grayscale #ProShares
Total Assets under management: $122.1B
Total Net Flow: – $219.2M pic.twitter.com/g5R3JDx7sj— PHOENIX – Crypto News & Analytics (@pnxgrp) January 12, 2025
Top 5 crypto ETFs
These funds accumulating $122.1 billion within the last 30 days highlight strong investor confidence in these investment vehicles.
Blackrock’s iShares Bitcoin Trust IBIT was at the forefront of this surge. It recorded an impressive AUM of $52.4 billion over the past month. The market also registered a massive trading volume of $2.3 billion with a whopping market cap of $52.9 billion, as per the data from Phoenix Group.
Fidelity’s Wise Origin Bitcoin Fund FBTC became the second largest contributor as it registered an incredible AUM of $19.7 billion, giving it a market cap of $19.3 billion. It recorded a transaction volume of $337.3 million over the stated duration.
Bitcoin fund administered by Grayscale followed closely as it had $19.3 billion in assets under management, which gave it a market valuation of $19.3 billion. Metrics indicated that it registered a transaction volume of $293.2 million over the mentioned duration.
Meanwhile, iShares’ ETHA was the only Ethereum ETF that made it to this list. It recorded $3.6 billion in assets under management, with a transaction volume of $180.9 million, and a market valuation of $3.6 billion over the same duration.
Lastly, Proshares’ BTC ETF closed the list with $2.7 billion assets under management, with a market valuation of $2.5 billion, and a transaction volume of $170.6 million.
Why crypto ETFs are getting popularity
The data indicates an increase in ETF activity, which reflects a rising narrative of institutional investment in Bitcoin. Ether is also seeing significant traction as investors embrace it as an alternative option.
Growing investor interest shows that these investment vehicles make it easier for traders and investors to get exposure to BTC and ETH without the need to own the tokens directly. In other words, these funds offer a radical approach for mainstream investors to set foot in virtual currency markets without worrying about extreme volatility.
The data especially indicates a growing movement of institutional funds into BTC. This signifies strong investor optimism about greater investment growth associated with the tremendous rise of BTC prices.
