The BlackRock Bitcoin ETF, Ibit, has seen more inflows in 2024 than the NASDAQ 100, despite the fantastic performance of the NASDAQ. Crypto ETFs are gaining immense popularity, with people seeking exposure to this high-performing asset. This trend is highlighted by the fact that there have been 5,500 ETF launches, making it the fastest-growing category ever. Comparatively, traditional US stocks are deemed expensive across various valuation metrics, stressing the attraction of crypto assets to investors in the current market climate.

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