ETFs are killing in 2024

Global: exchange-traded fund industry it is coming off its best year ever with record inflows of $1.4 trillion in late December, bringing total assets to $14 trillion, according to Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.

“Active, both in active equity and active fixed income, as well as active ‘other’ strategies saw record inflows of $150 billion, $100 billion and $20 billion, respectively. Bartolini noted.

As active funds grew, investors clamored for new ETFs.

“Another reason has to do with the launch of crypto ETFs. You’ve seen Spot Bitcoin ETFs come out now in January, the inflows have been just crazy,” ETF.com’s senior ETF manager told FOX Business. analyst Sumit Roy.

Since launching on January 5, 2024, the iShares Bitcoin Trust ETF, or ( IBIT ), has added more than $50 billion in assets, according to the firm, making it the best-performing exchange-traded product in history.

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“Since launch, IBIT inflows have highlighted investors’ preference for bitcoin through the convenience and quality of the exchange-traded product. The market has seen a renewed sense of optimism in anticipation of positive regulatory action for bitcoin. We remain focused on providing bitcoin with convenience and transparency.” “, a A representative of BlackRock told FOX Business about this in November.

Bitcoin is up over 122% this yearhitting an all-time high of $106,734 and has since pulled back from those levels.The crypto industry got a boost after President-elect Donald Trump won the White House and promised a crypto-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, ETFs that are considered more “tactical” allowing you to position yourself for both sides of the trade. These ETFs are the top four performers in 2024, followed by VettaFi, which is up 428%. to more than 178%, beating the S&P 500’s 26% gain through Monday.

The Best Performing ETFs of 2024 – 12/29/2024 (VettaFi)

“Whether someone 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.

The company’s Direxion Daily Bull 2X shares are up more than 300% this year. It’s helping investors capture the rise and/or fall of the AI ​​chip. The stock alone, the leveraged inverse one, we actually just eclipsed the franchise. back,” he added.

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The firm now has 13 single-stock ETFs, which it likely plans to expand to in 2025.