This article is also available in Spanish.
Bitcoin and cryptocurrency ETPs continue their impressive performance just one week into the new year. According to a CoinShares report presented by James Butterfill, crypto ETPs saw huge inflows of $585 million in the first few days of the year. Analysts say this strong initial performance of cryptocurrency ETPs continues the asset’s impressive run over the past year.
Related reading
In the same CoinShares report, cryptocurrency ETPs saw outflows of more than $44 billion in 2024, with Bitcoin as the most traded digital asset. Bitcoin recorded inflows of $38 billion, representing nearly 30% of all assets under management (AUM), while Ethereum accelerated in the second half of the year, with net inflows of more than $4.8 billion.
Bitcoin ETPs lead the pack
CoinShare’s James Butterfill shared these findings on the performance of crypto ETPs on the company’s official website and social media pages. The report explained that Bitcoin ETPs were the digital investment product of choice, garnering $38 billion of all Bitcoin AUM from global ETPs.
2024 saw inflows of $44 billion into cryptocurrency ETPs, 2025 is off to a good start with inflows of $585 million so farhttps://t.co/OczGDBUdph
— James Butterfill (@jbutterfill) January 6, 2025
Ethereum ETPs ranked second, receiving inflows of approximately $4.8 billion in 2024, representing 26% of all global ETPs’ ETH AUM. ETP inflows last year are 2.4 times larger than those recorded in 2021 and 60 times larger than in 2023.
Ethereum beats Solana for inflows in 2024, with just $69 million, representing just 4% of all assets under management. Although Solana’s numbers are small compared to Bitcoin and Ethereum, it still leads all other altcoins.
Approval of spot ETFs helps increase inflows
The sector experienced record inflows in 2024, a better outcome than the bull market experienced in 2021. In 2021, cryptocurrency investment products saw over $10 billion in net inflows. In short, last year’s inflows were 4 times greater than the amount recorded in 2021.
According to Bufferfill, the surge in global cryptocurrency investment products benefited from the US approval of spot Bitcoin ETFs in January 2024. In January 2024, the US Securities and Exchange Commission approved 11 ETF applications spot Bitcoin, followed by eight requests for spot Bitcoin ETFs. Ether ETF on May 22nd.
According to recent data, these Bitcoin spot ETFs are the main reason for Bitcoin-related investment inflows. Butterfill also explained that these ETFs will redefine future inflows for cryptocurrency investments.
Related reading
Better days lie ahead for US Bitcoin spot ETPs
In addition to CoinShares, Galaxy Digital also offered a rosy picture of the future of the cryptocurrency investment industry. In a report shared on December 31, 2024, the firm boldly predicted that the US spot ETP market will continue to grow into 2025. The report indicates that this niche will reach $250 billion in assets under management this year.
Meanwhile, Alex Thorne of Firmwide Research said that Bitcoin ETPs are approaching US gold ETPs in terms of total value of assets under management.
Thorne added that Bitcoin will continue to become one of the best performing assets based on the risk correction. Other analysts shared that Ether spot ETPs will also rise this year. The Ethereum blockchain will benefit from a Trump presidency and favorable regulatory changes.
Featured image of OneSafe, TradingView chart