BTC ETF is the biggest winner! Global encryptioncoin funds attracted $44.2 billion in 2024, breaking records

For the global Crypto Assets market, 2024 is definitely a revolutionary turning point. According to CoinShares statistics, Cryptocurrency investment products launched by asset management giants such as BlackRock and Fidelity recorded a net inflow of up to $44.2 billion throughout 2024, nearly four times higher than the previous peak of $10.5 billion set in 2021.

CoinShares research director James Butterfill pointed out in the latest weekly report that at the beginning of 2025, global cryptocurrency funds recorded a net inflow of $585 million. However, if data from the last two days of 2024 is included, last week actually experienced a net outflow of $75 million, indicating that some funds are taking profit.

The listing of Bitcoin and Ethereum spot ETFs in the United States has become the focus, with strong fundraising momentum

The year 2024 can be said to be a breakthrough year for the US Cryptocurrency market, with Bitcoin and Ethereum spot ETFs being successively listed, attracting a total of 44.4 billion US dollars throughout the year. In addition, Cryptocurrency investment products in Switzerland also recorded a net inflow of 630 million US dollars in 2024.

However, Cryptocurrency funds in Canada and Sweden saw net outflows of $707 million and $682 million respectively last year. James Butterfill said that this was mainly due to investors shifting to the US market, and some investors chose to take profits at the high point.

Bitcoin funds dominate the market, while Ether products rebounded against the trend at the end of the year.

Bitcoin investment products remain the biggest winners in the market, attracting a net inflow of up to $38 billion in 2024, accounting for 29% of the total assets under management of Bitcoin funds in history.

In addition, despite the sharp rise in the price of Bitcoin, investors have still put $108 million into 'shorting Bitcoin' products, slightly lower than the $116 million in 2023, reflecting some investors' defensive layout against potential market risks.

On the other hand, Ethereum-related funds staged a strong comeback at the end of 2024, attracting a total of $4.8 billion throughout the year, which is 2.4 times that of 2021 and a staggering 60 times that of 2023, making it another major highlight in the market.

In addition to Bitcoin and Ethereum, the Ripple (XRP) related funds recorded a net inflow of $438 million in 2024, ranking third; Solana (SOL) related products attracted a capital inflow of $69 million.

The Bitcoin ETF emerges as the biggest winner! Global Crypto Assets funds attracted $44.2 billion in 2024, setting a new record. This article was first published in "Blockcast".