New Funds Launch Crypto ETFs are rapidly taking over new fund launches as investors want to invest in regulated bitcoin and Ethereum.

Cryptocurrency exchange-traded funds (ETFs) have swept Wall Street and attracted billions in investor capital since the beginning of last year. Nate Geraci, president of Novadius Wealth Management pointed out that of the 1,300+ ETFs issued during the time, 10 of the 20 most popular ETF launches were crypto-related toppers, concluding 4 of the top ETFs overall.

The iShares Bitcoin Trust ETF (IBIT) with $57.45 billion in assets is followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $12.13 billion and iShares Ethereum Trust ETF (ETHA) with $9.59 billion. The YieldMax MSTR Option Income Strategy ETF (MSTY) won fourth place and had an amount of $7.21 billion.

Conventional fixed-income and equity ETFs, including Schwab and JPMorgan ones, could not keep pace with the dynamic of crypto. Other top players are the ARK 21Shares Bitcoin ETF (ARKB), which has attracted multi-billion inflows, as well as the Bitwise Bitcoin ETF Trust (BITB) and the Fidelity Ethereum Fund ETF (FETH), which have recorded multi-billion inflows.

According to market analysts, this explosion indicates the institutional and retail demand in the regulated exposure to cryptos. Proponents of ETFs say they provide a less risky avenue to gain crypto exposure to Bitcoin and Ethereum without the hassles of direct ownership and take advantage of the safety of developed financial infrastructure.