## [# Bitcoin ETF Soared in 2024 as Growth Themes Dominated](/sections/news/bitcoin-etf-soared-2024-growth-themes-dominated)
# Bitcoin ETF Soared in 2024 as Growth Themes Dominated
Crypto- and technology-focused funds led performance as U.S. ETF assets reached record levels, with active management gaining ground, according to CFRA data.
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[By DJ Shaw ](/authors/dj-shaw)
Jan 08, 2025
Edited by: Kiran Aditham
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U.S. exchange-traded funds crossed a major milestone in 2024, with assets climbing 28% to $10.36 trillion, driven by market appreciation and $1.12 trillion in net inflows, according to a new report from CFRA.
The record-breaking year signals a shift in how investors are accessing markets, with growth-oriented themes and active management strategies reshaping the traditionally index-dominated ETF landscape, according to Aniket Ullal, head of ETF research at CFRA.
The [**Hashdex Bitcoin ETF (DEFI)**](/defi) led all categories with a 109.4% return in 2024, based on CFRA data.
Tech-focused funds also performed well, with the [**Roundhill Magnificent Seven ETF (MAGS)**](/mags) returning 62.7% and the [**Defiance Quantum ETF (QTUM)**](/qtum) gaining 50.4%, the report showed.
Active ETF strategies captured 24.6% of total inflows in 2024, up from 14.6% in 2022, according to CFRA’s analysis.
The trend came largely at the expense of smart beta products, which saw inflows drop to 7.7% from 18.7% over the same period, the research found.
## Traditional ETF Performance
[Vanguard](/topics/vanguard) and [BlackRock](/topics/blackrock) maintained their industry dominance, capturing a combined 53% of all ETF inflows in 2024, according to the CFRA report.
The [**Vanguard S&P 500 ETF (VOO)**](/voo) attracted the most new assets with $115.1 billion in inflows, followed by the [**iShares Core S&P 500 ETF (IVV)**](/ivv) with $86.5 billion, the report revealed. The [**iShares Bitcoin Trust (IBIT)**](/ibit) captured third place with $37.5 billion in inflows during its first year of trading.
[JPMorgan](/topics/jpmorgan), meanwhile, showed growing influence in the active space, capturing 3.9% of total flows despite holding just 1.6% of assets at the start of 2024, the research revealed.
Active ETF issuers continued to gain market share throughout 2024, the report highlighted.
[Dimensional Fund Advisors](/topics/dimensional) and [Capital Group](/topics/capital-group) exemplified this trend, with both firms capturing more flows than their market share would suggest, according to the report.
The [**Global X MSCI Argentina ETF (ARGT)**](/argt) gained 61.6% in 2024, driven by investor optimism around Argentina President Javier Milei’s reform agenda, according to the research. The gaming sector also showed strength, with the [**VanEck Video Gaming and eSports ETF (ESPO)**](/espo) rounding out the top five performers.
Traditional indexed ETFs still maintained their appeal, with annual inflows growing 89% to $759.3 billion in 2024 from $402.4 billion in 2022, according to the data.
Looking ahead, CFRA projects 2025 ETF inflows between $500 billion and $1 trillion, with potential upside if the Securities and Exchange Commission approves ETFs as a mutual fund share class.
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A graduate of The University of Texas, Arlington with a BA in Communications, DJ has covered retirement plans, mortgage news, and financial advisor… [View Bio](/authors/dj-shaw)
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