Coin Stories Podcast host Natalie Brunel discusses whether Michael Saylor’s Bitcoin strategy will be successful on ‘Making Money’.
global exchange-traded fund industry It is completing its best year ever, with a record $1.4 trillion in inflows by the end of December, taking total wealth to $14 trillion, according to Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.
“Within active, both active equities and active fixed income as well as active “other” strategies have seen record inflows of $150 billion, $100 billion and $20 billion, respectively,” Bartolini noted.
Along with the growth in active funds, investors demanded new ETFs.
“Another reason is related to the launch of crypto ETFs. You’ve seen spot Bitcoin ETFs popping up now in January, the inflows are very high,” Sumit Roy, senior ETF analyst at ETF.com, told Fox Business.
According to the firm, since its launch on January 5, 2024, the iShares Bitcoin Trust ETF or (IBIT) has added more than $50 billion in assets, making it the best exchange-traded product in history.
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iShares Bitcoin Trust ETF
“The inflows into IBIT since launch underline investors’ preference for gaining exposure to Bitcoin through the convenience and quality of an exchange-traded product. The market has expressed a sense of optimism in anticipation of positive regulatory action for Bitcoin and crypto. We remain focused on providing education and access to Bitcoin with convenience and transparency for investors,” A a BlackRock spokesperson told Fox Business in November.
Bitcoin has advanced more than 122% this yearReached an all-time high of $106,734 and has since retreated from those levels. The crypto industry has received a boost after President-elect Donald Trump won the White House and promised a more crypto-friendly regulatory environment.
trump Former SEC official Paul Atkins was nominated, He was heavily favored by the industry to replace current SEC Chairman Gary Gensler in January.
Another driver, those ETFs that are considered more “strategic” give you positions for both sides of the trade. These ETFs are the top four performers of 2024 as tracked by Vettafy, rising between 428% and 178% through Monday, far outpacing the S&P 500’s 26% rise.
Top Performing ETFs of 2024: 12/29/2024 (VetaFi)
“Whether someone’s opinion is whether the market is going up or down on a short-term basis, we have those tools for them,” Ed Egilinski, managing director of Direxion, told Fox Business.
The firm’s Direxion Daily NVDA Bull 2X shares have surged more than 300% this year. This helps investors catch the rise and/or fall of AI chip darling Nvidia. “Single stock, leveraged inverse single stock, we’ve actually eclipsed six billion with franchises,” he said.
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The company now has 13 single-stock ETFs, with potential plans to expand in 2025.
