BlackRock’s Bitcoin ETF Clocks $37B in Net Inflows During 2024, Outpacing Competitors

BlackRock's iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC)

BlackRock’s spot Bitcoin ( BTC ) exchange-traded fund (ETF) saw net inflows of over $37 billion in 2024, outpacing its competitors.

BlackRock's iShares Bitcoin Trust (IBIT) attracted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which saw nearly $12 billion in net inflows this year, Farside Investors said in a Dec. 31 post on the X platform.

As the world's largest asset manager, BlackRock also led the pack among Ether ( ETH ) ETFs. The iShares Ethereum Trust (ETHA) pulled $3.5 billion in net inflows during 2024, according to Farside.

Fidelity Ethereum Fund (FETH) once again took second place, with $1.5 billion in net inflows.

“Fidelity is a closer second here, 44% of Blackrock’s total, compared to 31% in Bitcoin,” Farside said.

Source: Farside Investors

Related: BlackRock’s Bitcoin ETF flips gold fund

Overall, U.S. Bitcoin ETFs saw more than $35 billion in aggregate net inflows for the year. This equates to roughly $144 million in net inflows each trading day, according to Farside.

The figure also includes more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC), which the asset manager launched in 2013, initially as a non-listed trust.

Grayscale's GBTC charges management fees of 2.5%. In July, the asset manager listed Grayscale Bitcoin Mini Trust (BTC) as a cheaper alternative. Its management fees are 0.15% annually.

Source: Farside Investors

Bitcoin ETF took over in 2024

Bitcoin ETFs were finally listed in the U.S. in January after a lengthy back-and-forth with regulators.

The crypto market largely surged following Donald Trump’s victory in the U.S. presidential election, as many believe his win will benefit the industry, Cointelegraph Research said.

On Nov. 21, U.S. Bitcoin ETFs crossed $100 billion in net assets for the first time, according to data from Bloomberg Intelligence.

Bitcoin has dominated the ETF landscape this year, accounting for six of the top 10 most successful launches in 2024, Nate Geraci, president of The ETF Store, said in an X post.

Of the nearly 400 new ETFs launched in 2024, the four biggest launches by inflows were all spot BTC ETFs, Geraci said in September.

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