Ethereum

Bitcoin

BlackRock

<p>For BlackRock, bitcoin and crypto ETFs are serious business. The finance giant does not hide its enthusiasm for these new investment products, and its clients are following suit. After a decade of refusals, the SEC finally approved Bitcoin ETFs in January, paving the way for a massive influx of capital. These exchange-traded funds (ETFs) are garnering growing interest, even surpassing the most optimistic forecasts. But what about the performance of these crypto products and other digital assets?</p>
<h2 id="h-bitcoin-l-etoile-montante-des-etf">Bitcoin: The Rising Star of ETFs</h2>
<p>The <a href="https://www.cointribune.com/quel-est-le-meilleur-etf-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> have stormed the market, relegating other new financial products to the realm of anecdotes. Among <strong>the 575 ETFs launched this year</strong>, 14 of the top 30 are dedicated to Bitcoin or Ethereum, with <strong>the top four spots occupied by Bitcoin funds</strong>.</p>
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<p>An impressive performance, especially considering that BlackRock’s iShares Bitcoin Trust has dominated the ETF market in terms of inflows for the past four years.</p>
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     <p lang="en" dir="ltr">575 ETFs have now launched in 2024…<br><br>*14 of top 30* by inflows are either spot btc or eth ETFs.<br><br>Includes 6 of top 10.<br><br>There are also 2 MSTR-related ETFs in top 30.<br><br>Crypto appetite from tradfi is real. <a href="https://t.co/DmD6f5zJ1P" rel="noopener noreferrer nofollow">pic.twitter.com/DmD6f5zJ1P</a></p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1849108095198220501?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 23, 2024</a>
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<p>The numbers speak for themselves:</p>
<ul>
 <li><strong>In just 10 months, Bitcoin ETFs have surpassed the $20 billion inflow mark, a <a href="https://www.cointribune.com/en/bitcoin-etfs-soar-in-the-market-and-set-a-new-record/" target="_blank" rel="noopener noreferrer nofollow">new record</a> that gold ETFs took five years to achieve</strong>;</li>
 <li><strong>Ten bitcoin funds have been approved since January, allowing investors easier access to this digital asset</strong>;</li>
 <li><strong>Bitcoin ETFs occupy the top spots in new launches, demonstrating massive demand.</strong></li>
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<p>According to <a href="https://decrypt.co/288346/bitcoin-etfs-booming-blackrock-shatters-records" target="_blank" rel="noopener noreferrer nofollow">James Seyffart</a>, an analyst at Bloomberg Intelligence, this explosive growth is partly due to latent demand. “<em>Investors were waiting for a safe and accessible solution to bet on bitcoin</em>“, he explains.</p> 
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<p>Traditional financial institutions, such as Morgan Stanley and Goldman Sachs, have also crossed the threshold, attracting even more capital towards these new products.</p>
<h2 id="h-produits-crypto-un-avenir-prometteur-malgre-les-defis">Crypto Products: A Promising Future Despite Challenges</h2>
<p>While bitcoin enjoys roaring success, <strong>Ethereum ETFs are still struggling</strong> to keep pace. Although the SEC approved ETFs for the second-largest cryptocurrency in May, the inflows have not materialized. The Grayscale Ethereum Trust (ETHE), a historical player, has undergone a series of massive outflows, with over $3 billion withdrawn from the fund.</p>
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<p>As a result, <strong>the nine Ethereum ETFs show a negative balance</strong> of $472.7 million since their launch.</p>
<p>But all is not lost. The conversion of the Grayscale Ethereum Trust into an ETF could mark a turning point, and <strong>other products continue to generate investor interest</strong>. Hedge funds, for example, are taking a strategic approach by investing in ETFs while hedging their positions with futures contracts.</p>
<p>Observers note, however, that the challenges for Ethereum are far from over. “<em>For now, outflows from the Grayscale Ethereum Trust eclipse inflows to other Ethereum ETFs</em>“, notes Seyffart.</p>
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<p>The situation could change rapidly if interest in crypto products continues to grow.</p>
<p>After an encouraging “Uptober” and amid declining interest rates from central banks, ETFs could play a crucial role in <a href="https://www.cointribune.com/en/uptober-rate-decreases-etfs-factors-that-could-propel-the-crypto-market-by-the-end-of-the-year/" target="_blank" rel="noopener noreferrer nofollow">propelling the crypto market by the end of the year</a>.</p>

Expanding Bitcoin ETF: BlackRock Exceeds Expectations

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