Cryptocurrencies
Crypto Funds Explode in Boom Year Marked by First U.S. Bitcoin ETF
The debut of a ProShares fund tracking Bitcoin futures galvanized the market in 2021, but there were plenty of other superlatives to go around.
Crypto funds saw a stampede of money in 2021.
Illustration by 731; Getty Images (3)
This article is for subscribers only.
Even beyond the launch of the first U.S. Bitcoin futures ETF, cryptocurrency funds notched some notable global milestones in 2021.
The number of crypto-tracking investment vehicles worldwide more than doubled to 80 from just 35 at the end of 2020, according to Bloomberg Intelligence data. Assets soared to $63 billion, compared to $24 billion at the start of the year.