Crypto ETPs start 2025 with $585M inflows — CoinShares

Summary

Cryptocurrency investment products experienced strong inflows at the start of 2025, totaling $585 million in the first three days. However, this was insufficient to counteract $75 million in net outflows from crypto exchange-traded products (ETPs) during the last two trading days of 2024. Despite this dip, 2024 marked a record year for crypto ETFs, with inflows reaching $44.2 billion, a 320% increase from 2021. The launch of spot Bitcoin ETFs in the U.S. significantly contributed to these inflows. Bitcoin ETPs accounted for $38 billion of the inflows, while Ether ETPs saw $4.8 billion. Total assets under management (AUM) for crypto ETPs reached $160.6 billion in 2024. The U.S. was the largest buyer of crypto ETPs, with $44.5 billion in inflows, while Canada emerged as the largest seller, experiencing $707 million in outflows. Other countries like Sweden and Germany also reported significant outflows.