"Anyone here interested in buying a crypto ETF? Or does everyone just like crypto tokens?"
The Securities and Exchange Commission (SEC) approving spot Bitcoin (BTC) ETF applications from traditional financial investors has sent the cryptocurrency into a frenzy and dominated the digital asset space.
ETF follow-ups have been trending since leading banks and institutions made their disclosures, here are the top four crypto ETF spots this year that investors may be watching in 2024.
Grayscale Bitcoin Trust ETF (GBTC)
After a long battle with the SEC, GBTC converted from a trust to an open-ended ETF has recorded an important victory as many believe they have been the cause of spot BTC ETFs being approved.
Even so, GBTC which currently has $19 billion in Assets Under Management (AUM) has had a somewhat shaky start to the year due to investors selling GBTC to invest elsewhere with cheaper fees.
VanEck Ethereum Strategy ETF (EFUT)
Pleased to note that EFUT which has approximately $29 million in AUM managed to record significant inflows following from the product which allows investors to track the price of Ethereum (ETH).
ETH is the second largest crypto that has gained positive sentiment for its price after many expect the approval of the spot ETH ETF to happen soon.
Bitwise Bitcoin ETF (BITB)
BITB which remains one of the big players in the ETF market has seen inflows of $2.1 billion and AUM worth 33,977 BTC.
The fund was hailed as the first issuer to disclose its public wallet address amid other developments.
iShares Bitcoin Trust (IBIT)
IBIT currently owns $17. 2 billion in AUM has become a major product in the crypto market after already dominating the digital asset ETF narrative this year to the point that other firms are also making similar filings.
It is also well known that ProShares Ultra Bitcoin ETF, VanEck Digital Transformation ETF, Global C Bitcoin ETF and others have also successfully launched crypto ETF products.
