ETFs are killing in 2024 [Video]

The global exchange-traded fund industry is wrapping up its best year ever, with a record $1.4 trillion in inflows through late December, pushing total assets to $14 trillion, according to Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors.

“Within active, both active equity and active fixed income, as well as active “other” strategies, have had record flows of $150 billion, $100 billion, and $20 billion, respectively,” Bartolini noted. 

Along with a rise in active funds, investors clamored for the new ETFs  on the scene. 

“Another reason has to do with the launch of crypto ETFs. You’ve seen Spot Bitcoin ETFs now pop up in January, inflows have just been insane,” Sumit Roy, senior ETF analyst for ETF.com, told FOX Business. 

Since the January 5, 2024, launch, iShares Bitcoin Trust ETF or (IBIT) has added over $50 billion in assets, according to the firm, which makes it the best exchange-traded product in history.  

IRS …