Four U.S. 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 U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs.
The SECโs approval on Jan. 10, 2024, paved the way for 11 spot Bitcoin (BTC) ETFs to go live on U.S. exchanges. The launch coincided with Bitcoinโs rally to a new all-time high in March 2024, crossing the $100,000 mark before undergoing a correction.
While the market has seen tremendous growth since these ETFs began trading, itโs the records they have broken that stand out a year later.
On Jan. 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 milestones 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 BlackRockโs iShares Bitcoin Trust (IBIT), Fidelityโs Wise Origin Bitcoin Fund (FBTC), Ark/21Shares Bitcoin ETF (ARKB), and Bitwiseโs Bitcoin ETF (BITB). Notably, BlackRockโs IBIT surpassed $50 billion in assets under management in less than a year. In comparison, the asset managerโs gold ETF took nearly 20 years to cross $30 billion in AUM.
โJust how big was the first year for Bitcoin ETFs? Massive,โ Seyffart noted. โEven if you inflation adjust the assets, 4 of the Bitcoin ETFs are in the top 20 US ETF launches of all time. $IBIT, $FBTC, $ARKB, and $BITB.โ
IBIT tops the list of best ETF launches in history, while FBTC, ARKB, and BITB rank fourth, 16th, and 18th, respectively.
โA key takeaway of mine here is that even the two ETFs from comparatively small issuers ARK/21 Shares and Bitwise which โonlyโ have ~$4 billion each are still in the top 20 launches of all time. Thatโs crazy,โ the analyst added.
VanEckโs HODL ranks 99, CoinShares Valkyrieโs BRRR 162, Invesco Galaxyโs BTCO 196, Franklin Templetonโs EZBC 199 and WisdomTreeโs BTCW at position 384.
According to data from SoSoValue, the total net assets in U.S. spot Bitcoin ETFs stood at over $106 billion as of Jan. 9, 2025, accounting for approximately 5.74% of Bitcoinโs total market capitalization.
