Cryptocurrency ETFs lead in 2024 as global ETF market reaches new product listing records

Grayscale Ethereum Trust (ETHE US) ranked fifth on the top 25 list with US$4.32bn in assets, while Grayscale Ethereum Mini Trust ETH (ETH US) ranked 17th with US$1.01bn, both launched by Grayscale Advisors on the NYSE. 

The top 25 ETFs list also included diverse sectors such as high dividend, equity, active management, and climate-related ETFs. This illustrates the broad range of investment options currently available. 

In terms of new ETF listings, the United States led with 529 launches, followed by the Asia-Pacific region (excluding Japan) with 441, and Europe with 213.

The US also reported the highest number of closures with 135, followed by the Asia-Pacific region (excluding Japan) with 114 closures, and Europe with 75 closures. These closures occurred across 136 providers and 24 exchanges.

The breakdown of newly listed products includes 669 Active ETFs, 466 Equity ETFs, and 138 Fixed Income ETFs. A total of 412 closures occurred year-to-date, marking a significant reshuffling in the global ETF industry.