According to recent data from crypto investment firm CoinShares, global cryptocurrency exchange-traded products (ETPs) have seen a significant influx of investments at the beginning of 2025. In the first three days of the year, ETPs posted $585 million in inflows, marking a promising start for the industry.
Record-Breaking Year for Crypto ETFs in 2024
Despite this positive trend, the crypto market experienced a slight dip towards the end of last year. The last two trading days of 2024 saw heavy selling, resulting in $75 million in net outflows for the full previous trading week. However, 2024 closed as a record-breaking year for crypto ETFs, with a total of $44.2 billion in inflows – a staggering 320% increase from the previous record of $10.5 billion set in 2021.
The Historic Launch of Spot Bitcoin Exchange-Traded Funds (ETF)
CoinShares’ head of research, James Butterfill, attributes the bulk of these inflows to the historic launch of spot Bitcoin exchange-traded funds (ETF) in the United States in January 2024. This milestone marked a significant turning point for the crypto market, as it provided institutional investors with easier access to cryptocurrency investments.
Bitcoin Dominates ETF Inflows
According to CoinShares’ data, Bitcoin-based ETPs dominated inflows in 2024, accounting for $38 billion of the total $130 billion in assets under management (AUM). This represents a remarkable 29% share of all BTC-related AUM. Meanwhile, Ether-based ETPs saw a resurgence towards the end of 2024, bringing full-year inflows to $4.8 billion – or 26% of all ETH-related AUM.
Total Assets Under Management (AUM) for Crypto ETPs in 2024
The total AUM for all crypto ETPs reached an impressive $160.6 billion in 2024, driven by significant inflows from various assets and countries. Specifically, XRP-based products saw $438 million in inflows, while multi-asset ETPs attracted $257 million.
Countries with the Highest Crypto ETP Inflows and Outflows
While the US emerged as the largest crypto ETP buyer in 2024, with $44.5 billion in inflows, Canada surprisingly became the biggest crypto ETP seller, with $707 million in outflows. Other countries like Sweden and Germany also posted significant outflows of $682 million and $328 million, respectively.
Flows by Countries in the Past Four Years (in Millions of US Dollars)
| Country | 2024 In/Outflows |
| — | — |
| United States | $44.5 billion (in) |
| Canada | -$707 million (out) |
| Sweden | -$682 million (out) |
| Germany | -$328 million (out) |
| Switzerland | $630 million (in) |
| Brazil | $234 million (in) |
Countries with Inflows Wiped Out Crypto ETP Outflows
Interestingly, the outflows from countries like Canada, Sweden, and Germany wiped out the inflows from other nations. This highlights the complex dynamics of the global crypto market, where different regions exhibit varying levels of investment activity.
Flows by Assets in the Past Four Years (in Millions of US Dollars)
| Asset | 2024 In/Outflows |
| — | — |
| Bitcoin | $38 billion (in) |
| Ether | $4.8 billion (in) |
| XRP | $438 million (in) |
| Multi-Asset ETPs | $257 million (in) |
Conclusion
The cryptocurrency investment landscape has witnessed significant growth in recent years, with 2024 marking a record-breaking year for crypto ETFs. The historic launch of spot Bitcoin ETFs and the resurgence of Ether-based ETPs have contributed to this trend. As we move forward into 2025, it will be essential to monitor these developments and stay informed about the evolving dynamics of the global crypto market.
Recommendations
- Stay up-to-date with industry news and trends: Follow reputable sources and publications to stay informed about the latest developments in the cryptocurrency space.
- Diversify your investment portfolio: Consider spreading investments across various assets, including cryptocurrencies, to mitigate risk and maximize returns.
- Conduct thorough research before investing: Understand the risks and opportunities associated with different investment options, and consult with financial experts if necessary.
Additional Resources
For those looking for more information on cryptocurrency investments, here are some additional resources:
Magazine: Ether May ‘Struggle’ in 2025, SOL ETF Odds Rise, and More: Hodler’s Digest, Dec. 29 – Jan. 4
Explore this article to gain insights into market predictions and trends.
Subscribe to the Markets Outlook Newsletter
Get critical information on investment opportunities, risk mitigation strategies, and trading techniques delivered right to your inbox every Monday.
