4 U.S. spot Bitcoin ETFs among top 20 launches of all time

Four U.S. Bitcoin spot exchange-traded funds are now ranked among the top 20 ETF launches in history, as the crypto industry celebrates one year since the U.S. Securities and Exchange Commission approved the first spot Bitcoin ETF.

The SEC’s approval on January 10, 2024 paved the way for Bitcoin to move into the 11th spot (BTC) The ETFs will go live on US stock exchanges. The launch coincided with Bitcoin’s rally to a new all-time high in March 2024, crossing the $100,000 mark before undergoing a correction.

Although the market has seen considerable growth since these ETFs began trading, it’s the records they’ve broken that stand out a year later.

January 10, 2025, James Seyffart, Bloomberg ETF analyst common a summary of spot BTC ETFs in one year.

According to Seyffart, one of the most surprising milestones is the inclusion of four spot Bitcoin ETFs in the list of top 20 ETF launches of all time.

The ETFs in question are BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Ark/21Shares Bitcoin ETF (ARKB), and Bitwise’s Bitcoin ETF (BITB). Notably, BlackRock’s IBIT surpassed $50 billion in assets under management in less than a year. By comparison, the asset manager’s gold ETF took nearly 20 years to cross $30 billion in assets under management.

“How big was the first year of Bitcoin ETFs? Huge,” noted Seyffart. “Even if you adjust assets for inflation, 4 of the Bitcoin ETFs are among the top 20 US ETF launches of all time. $IBIT, $FBTC, $ARKB and $BITB.

IBIT tops the list of best ETF launches in history, while FBTC, ARKB and BITB rank fourth, 16th and 18th, respectively.

“My takeaway here is that even the two relatively small issuer ETFs, ARK/21 Shares and Bitwise, which “only” have about $4 billion each, are still in the top 20 of launches of all time. It’s crazy,” added the analyst.

VanEck’s HODL ranks 99th, CoinShares Valkyrie’s BRRR ranks 162, Invesco Galaxy’s BTCO ranks 196, Franklin Templeton’s EZBC ranks 199, and WisdomTree’s BTCW ranks 384.

According to SoSoValue datathe total net assets of spot Bitcoin ETFs in the United States were over $106 billion as of January 9, 2025, representing approximately 5.74% of the total Bitcoin market capitalization.