The Top 4 ETF Launches In 2024 Are All Spot Bitcoin ETFs: 'Even 1% Allocation From Wealthy Clients' Could Make A Big Impact
Portfolio Pulse from Khyathi Dalal
The top four ETF launches in 2024 are all spot Bitcoin ETFs, with BlackRock's iShares Bitcoin ETF (NASDAQ:IBIT) leading the pack with $20.5 billion in assets under management. Despite Schwab being a major ETF issuer, it has yet to launch a spot Bitcoin ETF. Institutional adoption of Bitcoin ETFs is expected to increase, with Morgan Stanley allowing advisors to pitch Bitcoin ETFs to high-risk clients.
August 14, 2024 | 3:18 pm
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BlackRock's iShares Bitcoin ETF (NASDAQ:IBIT) has accumulated $20.5 billion in assets under management in 2024, making it the leading spot Bitcoin ETF launch.
The significant assets under management and the institutional adoption of IBIT indicate strong investor confidence and potential for further growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100