In 2024, the spot Bitcoin exchange-traded funds (ETF) IBIT and FBTC were among the top 20 by flows, with IBIT amassing $49 billion and FBTC securing $11.8 billion in yearly flows. Despite their success, they face stiff competition from traditional ETFs tied to the S&P 500. President-elect Donald Trump’s pro-crypto stance has sparked optimism in the industry, with analysts predicting significant growth for Bitcoin ETFs this year. Balchunas and Seyffart expect a wave of new ETF approvals in 2024.

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