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According to popular investment firm CoinShares, 2025 started strongly with $585 million in inflows into crypto products within the first three days alone.
The asset manager also revealed that these products recorded $75 million in outflows for the last trading week, including last year's two trading days. CoinShares' research chief, James Butterfill, stated that last year's inflows surpassed the previous record inflows of $10.45 billion, which was set in 2021, indicating that the 2024 inflows were four times that of 2021.
Source: CoinShares
In addition, the 2024 inflows were almost 20x of 2023 and over 54x of 2022.
CoinShares: US Spot ETFs Dominate The Market
The CoinShares data also showed the dominance of US spot exchange-traded products (ETPs) over other countries. 100% of the inflows recorded by ETPs worldwide were from this region.
Even though Switzerland reported inflows of $630 million, this was balanced out by the $682 million and $707 million in outflows from Sweden and Canada. The asset manager remarked that investors took profits or moved their funds into US-based ETPs.
CoinShares further noted that Bitcoin products' $38 billion inflows, or 29% of total assets under management, prove investors' interest in the leading cryptocurrency over others. However, the report revealed an $8 million increase in short-BTC product inflows.
In 2024, $116 million flowed into short-BTC products, compared to $108 million in 2022, the previous peak. Meanwhile, $4.8 billion flowed into Ethereum (ETH) products in late 2024, a 60x increase compared to 2023 and a 2.5x increase compared to 2021. By comparison, Solana products recorded $69 million in inflows, proving Ethereum's dominance among the altcoins.
Read more: Crypto Markets Reenters 'Extreme Greed' as Bitcoin Price Retakes $100,000 Level
Without inflows into Ethereum products, total inflows into other altcoin products in 2024 was $813 million or 18% of total assets under management. At the time of writing, CoinGecko data showed that ETH trades at $3,714, up 2.4% in the last day.
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