Six out of top 10 traditional ETF issuers remain cautious of entering Bitcoin market

Quick Take

The highly anticipated launch of the Bitcoin ETFs on Jan. 11, 2024, marked a significant milestone in the digital asset industry. Major players such as BlackRock, Fidelity, Bitwise, Ark, Invesco, Franklin Templeton, VanEck, WisdomTree, and Grayscale were among the issuers of these ETFs.

According to Stock Analysis’s ETF issuer asset league table, these issuers are ranked based on their estimated assets from their ETF business.

Bitcoin ETFs have achieved unprecedented success, becoming the most successful ETF launch of all time. Notably, major players have opted out of issuing Bitcoin ETFs, with six out of the top 10, Vanguard, State Street, Charles Schwab, First Trust, JP Morgan Chase, and Dimensional, yet to enter the Bitcoin ETF space.

Nate Geraci, President of the ETF Store, highlighted the remarkable performance of the iShares Bitcoin ETF, which has attracted approximately $20.5 billion this year alone. In comparison, the next closest non-spot Bitcoin ETF among 375 new ETF launches in 2024 garnered only $1.3 billion, underscoring the dominance and success of Bitcoin ETFs even as many traditional asset managers remain on the sidelines.

“iShares Bitcoin ETF has taken in approx $20.5bil this yr… Out of *all* 375 new ETF launches in 2024, next closest non-spot btc ETF = $1.3bil. Numbers are comical at this point”.

No.	Provider Name	Total Assets	Funds	Av. Cost
1	BlackRock	2,894.77B	443	0.30%
2	Vanguard	2,684.34B	86	0.09%
3	State Street	1,339.01B	138	0.27%
4	Invesco	541.16B	228	0.41%
5	Charles Schwab	355.50B	30	0.13%
6	First Trust	171.37B	250	0.78%
7	JPMorgan Chase	157.88B	61	0.30%
8	Dimensional	146.56B	38	0.24%
9	VanEck	80.10B	69	0.65%
10	Fidelity	78.72B	71	0.30%
11	WisdomTree	78.45B	79	0.46%
12	ProShares	67.37B	146	0.85%