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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.

Crypto funds saw a stampede of money in 2021.

Illustration by 731; Getty Images (3)

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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.