Cryptocurrency investment products have made a strong start to 2025, with global crypto exchange-traded products (ETPs) attracting $585 million in inflows within the first three days of January. This positive momentum comes despite a challenging end to 2024, where the last two trading days saw $75 million in net outflows. According to CoinShares, 2024 was a landmark year, witnessing record crypto ETF inflows totaling $44.2 billion, a significant leap from the previous record of $10.5 billion in 2021.
The introduction of the United States’ spot Bitcoin exchange-traded funds (ETFs) in January 2024 significantly contributed to these figures. Bitcoin-dominated the crypto ETF landscape, with $38 billion in inflows, comprising 29% of the $130 billion Bitcoin total assets under management (AUM). Ether-based ETPs also surged in the latter part of 2024, resulting in $4.8 billion in inflows for the year, 26% of the total $18.6 billion Ether AUM.
Total assets under management for all crypto ETPs amounted to $160.6 billion by the end of 2024. This includes substantial contributions from XRP products, with $438 million in inflows, and $257 million in inflows into multi-asset ETPs, as reported by CoinShares.
While the US led as the largest buyer of crypto ETPs, with $44.5 billion in inflows, Canada emerged as the biggest seller, experiencing $707 million in outflows in 2024. Other countries like Sweden and Germany also recorded significant outflows totaling $682 million and $328 million, respectively. These outflows offset inflows observed in nations such as Switzerland and Brazil, which saw $630 million and $234 million, respectively.
