Coin Stories podcast host Natalie Brunell discusses “making money” on whether Michael Silver's Bitcoin strategy will pay off.
global Exchange traded funds industry With a record $1.4 trillion in inflows through late December, it's ending its best year yet, bringing total assets to $14 trillion, according to Matthew Bartolini, head of US SPDR research at State Street Global Advisors.
$150 billion, $100 billion, and $20 billion have flowed between active equities and active fixed income, as well as active “other” strategies. Bartolini noted.
Along with the rise of active funds, investors clamored for new ETFs on the scene.
“Another reason is the launch of crypto ETFs,” Sumit Roy, senior ETF analyst for ETF.com, told FOX Business. has been a doer.”
According to the company, since its launch on January 5, 2024, the iShares Bitcoin Trust ETF, or (IBIT), has added more than $50 billion in assets, making it the best exchange-traded product.
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iShares Bitcoin Trust ETF
“The inflows into IBIT since launch underscore investors' preference for 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 remain. Focusing on educating investors and providing convenient and transparent access to Bitcoin A BlackRock spokesperson told FOX Business in November.
Bitcoin has advanced more than 122% this yearreached its all-time high of $106,734 and has since retreated from those levels. The crypto industry has been booming since President-elect Donald Trump won the White House and promised to create a cryptocurrency-friendly regulatory environment.
Trump nominated former SEC official Paul Atkins, Heavily favored by the industry to replace current SEC Chairman Gary Gensler in January.
Another driver is those ETFs that are considered more “tactical” and allow you to position yourself on both sides of the trade. These ETFs are the top four performers in 2024, as VettaFi has risen between 428% and more than 178%, outpacing the S&P 500's 26% gain through Monday.
Top performing ETFs of 2024: 12/29/2024 (VettaFi)
“Whoever thinks the market is going to go up or down in the short term, we have those tools for them,” Direxion CEO Ed Egilinski told FOX Business.
Direxion Daily NVDA Bull 2X stock has advanced more than 300% this year. This will help investors take advantage of the rise and/or fall of the AI chip darling Nvidia. “Single shares, single reverse leveraged shares, we actually covered six billion with the concessionaire,” he added.
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The company currently has 13 single-stock ETFs, with plans to expand in 2025.