Crypto ETFs & ETPs: A Booming Market
The global cryptocurrency ETF and ETP market is experiencing significant growth, with $44.5 billion in inflows recorded in the first five months of 2024 alone. This is a stark contrast to the $135.57 million in outflows seen in the same period last year.
Key Highlights:
- May 2024 saw $2.23 billion in net inflows into cryptocurrency ETFs and ETPs, demonstrating strong investor confidence.
- The iShares Bitcoin Trust (IBIT US) was the top performer, accumulating $1.17 billion in inflows.
- This growth is driven by the increasing popularity of passive investment vehicles and the overall bullish sentiment in the crypto market.
ETFGI, a leading analysis and consulting firm, notes that the global cryptocurrency ETF and ETP industry currently has:
- 208 products
- 551 listings
- Assets of $82.27 billion
- 47 providers
- 20 exchanges in 16 countries
This indicates a well-established and growing ecosystem for crypto ETFs and ETPs.
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