Coin Stories podcast host Natalie Brunell discusses whether Michael Saylor’s Bitcoin strategy will pay off, in ‘Making Money’.
The global exchange-traded fund industry is wrapping up its best year ever, with record inflows of $1.4 trillion through the end of December, pushing total assets to $14 trillion, according to Matthew Bartolini, Director of Research at SPDR Americas at State Street Global Advisors.
“Within active equity, both active equity and active fixed income, as well as ‘other’ active strategies, had record inflows of $150 billion, $100 billion and $20 billion, respectively.” Bartolini noted.
Along with an increase in active funds, investors clamored for new ETFs on the scene.
“Another reason has to do with the launch of crypto ETFs. You’ve seen Spot Bitcoin ETFs coming up now in January, the inflows have been just crazy,” Sumit Roy, senior ETF analyst for FOX Business, told ETF.com.
Since its launch on January 5, 2024, the iShares Bitcoin Trust ETF or (IBIT) has added over $50 billion in assets, according to the firm, making it the best-traded product in history.
IRS READY TO SEND REFUNDS TO MILLIONS OF AMERICANS
iShares Bitcoin Trust ETF
“Inflows into IBIT since inception underscore investors’ preference for gaining exposure to bitcoin through the convenience and quality of an exchange-traded product. The market has seen a renewed sense of optimism in anticipation of positive regulatory action for bitcoin and crypto. We we remain focused on educating investors and providing access to bitcoin with ease and transparency,” a BlackRock spokesperson told FOX Business. in November.
Bitcoin has advanced over 122% this year, reaching an all-time high of $106,734, and has since retreated from those levels. The crypto industry has received a boost following President-elect Donald Trump’s victory in the White House and the promise of a more crypto-friendly regulatory environment.
Trump appointed former SEC official Paul Atkins, heavily favored by the industry, to replace current SEC Chairman Gary Gensler in January.
Another driver, those ETFs that are considered more “tactical” that allow you to position for both sides of a trade. These ETFs are the four best performers of 2024 as tracked by VettaFi rising between 428% to over 178% far outpacing the S&P 500’s 26% gain through Monday.
The Best ETFs of 2024: 12/29/2024 (VettaFi)
“If someone has an opinion that the market is going to go up or down on a short-term basis, we have those tools for them,” Ed Egilinsky, managing director at Direxion, told FOX Business.
The firm’s Direxion Daily NVDA Bull 2X shares have advanced over 300% this year. It helps investors catch the rise and/or fall of the AI chip, dear Nvidia. “The single stock, the single leveraged inverse stock, we actually just eclipsed six billion with the franchise,” he added.
GET FOX BUSINESS IN ALBANIA by clicking HERE
The firm now has 13 single-stock ETFs, with possible plans to expand in 2025.
