Propelled by crypto inflows, US ETF assets hit record $10 trillion
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
Total assets in United States exchange-traded funds (ETFs) surpassed $10 trillion for the first time on Sept. 27, propelled in part by inflows of more than $20 billion into cryptocurrency ETFs in 2024, according to data from Bloomberg Intelligence and fund researcher Morningstar.
Investors have poured approximately $691 billion into US ETFs so far in 2024, according to Bloomberg. Crypto ETFs accounted for almost 3% of those total inflows.
“We predict [ETFs] will hit $25T in next ten years,” Eric Balchunas, Bloomberg’s senior ETF analyst, said in a Sept. 27 post on the X platform.
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
Total assets in United States exchange-traded funds (ETFs) surpassed $10 trillion for the first time on Sept. 27, propelled in part by inflows of more than $20 billion into cryptocurrency ETFs in 2024, according to data from Bloomberg Intelligence and fund researcher Morningstar. Investors have poured approximately $691 billion into US ETFs so far in 2024, according to Bloomberg. Crypto ETFs accounted for almost 3% of those total inflows. “We predict [ETFs] will hit $25T in next ten years,” Eric Balchunas, Bloomberg’s senior ETF analyst, said in a Sept. 27 post on the X platform. Read more