Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025.
United States spot Bitcoin exchange-traded funds racked up a staggering $35.66 billion in net inflows in 2024 — far exceeding early industry estimates, while the spot Ether ETFs finished strong, seeing net inflows of $349.3 million in the last four trading days to reach $2.68 billion since launch.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the pack with $37.31 billion in net inflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) rounded out the top three with $11.84 billion and $2.49 billion, followed by Bitwise Bitcoin ETF (BITB) $2.19 billion, according to Farside Investors.
These net inflows smashed an earlier $14 billion first-year estimate from Galaxy Digital’s research head Alex Thorn.
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