Quick Take
The highly anticipated launch of the Bitcoin ETFs on Jan. 11, 2024, marked a significant milestone in the digital asset industry. Major players such as BlackRock, Fidelity, Bitwise, Ark, Invesco, Franklin Templeton, VanEck, WisdomTree, and Grayscale were among the issuers of these ETFs.
According to Stock Analysis’s ETF issuer asset league table, these issuers are ranked based on their estimated assets from their ETF business.
Bitcoin ETFs have achieved unprecedented success, becoming the most successful ETF launch of all time. Notably, major players have opted out of issuing Bitcoin ETFs, with six out of the top 10, Vanguard, State Street, Charles Schwab, First Trust, JP Morgan Chase, and Dimensional, yet to enter the Bitcoin ETF space.
Nate Geraci, President of the ETF Store, highlighted the remarkable performance of the iShares Bitcoin ETF, which has attracted approximately $20.5 billion this year alone. In comparison, the next closest non-spot Bitcoin ETF among 375 new ETF launches in 2024 garnered only $1.3 billion, underscoring the dominance and success of Bitcoin ETFs even as many traditional asset managers remain on the sidelines.
“iShares Bitcoin ETF has taken in approx $20.5bil this yr… Out of *all* 375 new ETF launches in 2024, next closest non-spot btc ETF = $1.3bil. Numbers are comical at this point”.
No.
Provider Name
Total Assets
Funds
Av. Cost
1
BlackRock
2,894.77B
443
0.30%
2
Vanguard
2,684.34B
86
0.09%
3
State Street
1,339.01B
138
0.27%
4
Invesco
541.16B
228
0.41%
5
Charles Schwab
355.50B
30
0.13%
6
First Trust
171.37B
250
0.78%
7
JPMorgan Chase
157.88B
61
0.30%
8
Dimensional
146.56B
38
0.24%
9
VanEck
80.10B
69
0.65%
10
Fidelity
78.72B
71
0.30%
11
WisdomTree
78.45B
79
0.46%
12
ProShares
67.37B
146
0.85%
Source: stockanalysis
The post Six out of top 10 traditional ETF issuers remain cautious of entering Bitcoin market appeared first on CryptoSlate.