ETFs & Mutual Funds
A $400 Billion Frenzy as Nvidia, Crypto Boom: ETFs So Far in ‘24
- Equity ETFs have seen billions flow in, as have crypto funds
- Actively managed products have also attracted new cash
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Hype over artificial intelligence, the eagerly anticipated launch of Bitcoin funds, and billions of dollars flowing toward the seemingly unstoppable stock-market surge: ETFs have seen it all and been the beneficiary so far this year.
For one, exchange-traded funds have taken in more than $400 billion, the most in nearly three years. Investors went gangbusters over Bitcoin ETFs, which have attracted more than $14 billion since their January debuts. And a Nvidia Corp.-based fund has seen its assets grow by more than 2,000%.