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NEWSLETTER | 22 November 2024

Our Trackinsight ETF performance column this week saw cryptocurrencies dominating the top performance league tables. Peter Taberner made a timely investigation into the expectations of the crypto issuers in the US of a very warm welcome for crypto assets from the incoming new regime.

For its part, bitcoin certainly hit new highs as we were finishing the interviews for the US Awards’ Report with our conversation with a very smiley Teddy Fusaro, president of Bitwise, on the day that bitcoin went through the USD87,000 mark.

This week we reported Matteo Greco, analyst with Fineqia, writing that bitcoin (BTC) ended the week at approximately USD89,855, representing an 11.8 per cent increase from the previous week’s close of around USD80,370. Greco also noted that trading volumes saw significant growth last week, with cumulative weekly trading volume reaching USD29.5 billion—the highest since mid-March and the third highest ever recorded. "Last Wednesday, BlackRock’s BTC ETF recorded its highest daily trading volume to date, reaching nearly USD5.4 billion in a single day and surpassing the previous record of USD4.7 billion set just two days earlier," Greco wrote.

In Europe, the SIX Swiss Exchange also reported that it had surpassed CHF3 billion in trading turnover across its crypto products. The exchange says that the most popular assets among investors have been bitcoin, Ethereum, and Solana.

The US ETF Awards report features a range of our US winners. We celebrate a good spread of innovative issuers and popular service providers in the report, to be found here.

We salute: ACA Group; AllianceBernstein; Bitwise; Bloomberg; Global X ETFs; Jane Street; The New York Stock Exchange; Pacer ETFs; State Street and Tidal Financial Group. We also feature the list of all the winners in this year’s awards and congratulate them all.

Beverly Chandler, Managing Editor

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It’s been an exciting year to be in the ETF industry. 2024 is going down in history as a record year for inflows into ETFs, with data providers Morningstar reporting inflows closing in on USD1 trillion for the year alone, bringing ETF assets globally to USD13.4 trillion at the time of writing.

A move towards a more crypto-friendly environment is widely anticipated once Donald Trump resides back at the White House from January, in what would be an about turn from the Biden administration which enforced legislations against cryptocurrency firms.

Top 10 performing ETFs.