Major Bitcoin ETF issuers see unprecedented success while traditional asset managers stay on the sidelines.
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
