Four US spot Bitcoin exchange-traded funds are now ranked among the top 20 best ETF launches in history, as the crypto industry marks one year since the US Securities and Exchange Commission approved the first spot ETF of Bitcoin.
The approval of the SEC on January 10, 2024, opened the way for 11 spot Bitcoin (BTC) ETF to go live on US exchanges. The launch coincided with Bitcoin’s rally to a new March 2024 high, crossing the $100,000 mark before undergoing a correction.
While the market has seen tremendous growth since these ETFs began trading, it’s the records they’ve beaten that stand out a year later.
January 10, 2025 Bloomberg ETF analyst James Seyffart shared a summary of spot BTC ETFs one year down the line.
According to Seyffart, one of the most surprising points is the inclusion of four spot Bitcoin ETFs in the list of the top 20 ETF launches of all time.
The ETFs in question are BlackRock’s iShares Bitcoin Trust (IBIT), Wise Origin Bitcoin Fund (FBTC), Ark/21Shares Bitcoin ETF (ARKB), and Bitwise’s Bitcoin ETF (BITB). Notably, BlackRock’s IBIT exceeded $50 billion in assets under management in less than a year. In comparison, it took the asset manager’s gold ETF nearly 20 years to cross $30 billion in AUM.
“How big was the first year for Bitcoin ETFs? Massive,” said Seyffart. “Although inflation adds to assets, 4 of the Bitcoin ETFs are in the top 20 US ETF launches of all time. $IBIT, $FBTC, $ARKB and $BITB.
IBIT tops the list of the best ETF launches in history, while FBTC, ARKB and BITB rank fourth, 16th and 18th respectively.
“One key thing of mine here is that even the two ETFs from comparatively small issues ARK/21 Shares and Bitwise that ‘only’ have ~$4 billion each are still in the top 20 launches of all time. It’s crazy” , added the analyst.
VanEck’s HODL stands at 99, CoinShares Valkyrie’s BRRR 162, Invesco Galaxy’s BTCO 196, Franklin Templeton’s EZBC 199 and WisdomTree’s BTCW at 384 position.
According to data from SoSoValuetotal net assets in US spot Bitcoin ETFs were over $106 billion as of January 9, 2025, representing about 5.74% of the total Bitcoin market capitalization.
