Global crypto investment products hit record $44 billion net inflows in 2024: CoinShares
2025-01-06
Category: None

Global crypto funds run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered a record $44.2 billion in net inflows last year — nearly four times the prior $10.5 billion annual peak in 2021 — according to CoinShares.
Digital asset investment products are also off to a good start in 2025, generating $585 million in net inflows, CoinShares Head of Research James Butterfill noted in a Monday report. However, including the final two days of 2024, last week saw net outflows of $75 million overall, Butterfill said.
Weekly crypto asset flows. Images: CoinShares.
2024 was marked by the approval and launch of U.S. spot Bitcoin and Ethereum exchange-traded funds for the first time, attracting $44.4 million in combination. Crypto investment products in Switzerland also registered $630 million worth of net inflows for the year. However, net annual outflows of $707 million and $682 million from Canada and Sweden-based funds offset the overall figure as investors switched to U.S.-based products and, in some cases, took profits, Butterfill said.
Bitcoin funds dominate while Ethereum investment products see late-2024 resurgence
Bitcoin-based products dominated globally, generating $38 billion of the net inflows and accounting for 29% of all-time bitcoin assets under management at the funds. Short-bitcoin products also attracted $108 million worth of investments amid the 2024 price rise, though this was down slightly from $116 million the year before.
Despite long periods of underperformance, Ethereum-based products saw a resurgence in late 2024, Butterfill noted, bringing annual net inflows to $4.8 billion — 2.4 times 2021’s total and 60 times 2023’s figure.
XRP-based funds generated the third-largest single asset net inflows of 2024 with $438 million, while Solana investment products attracted $69 million.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.