Crypto ETPs receive $585 million in inflows by 2025 — CoinShares

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According to CoinShares, 100% of the historic $44.2 billion in crypto ETF inflows in 2024 came from US spot Bitcoin ETFs.

With global cryptocurrency exchange-traded products (ETP) reporting $585 million in inflows in the first three days of 2025, cryptocurrency investment products are off to a strong start.

According to CoinShares, a cryptocurrency investment firm, early inflows failed not counteract strong selling in the final two trading days of 2024, resulting in $75 million in net outflows for the entire previous trading week. This information was released on January 6.

With $44.2 billion in inflows, 2024 ended as a record-breaking year for crypto ETFs, despite the late-year decline. This is a 320% gain over the previous record of $10.5 billion set in 2021.

James Butterfill, head of research at CoinShares, stated in the update that the majority of inflows were caused by the historic introduction of spot Bitcoin exchange-traded funds (ETF) in the US in January 2024.

ETF inflows were dominated by Bitcoin (29%).

With $38 billion in inflows, Bitcoin $96,696 ETPs accounted for 29% of the $130 billion in total assets under management (AUM) in 2024.

Late in 2024, ether $3,385.32-based ETPs experienced a comeback, resulting in full-year inflows of $4.8 billion, or 26% of the $18.6 billion in total ETH in AUM.

Flows by assets in the past four years (in millions of US dollars).

Related: 3 Crypto Forecasts for 2025: AI Trading, SOL ETFs, and Emerging Risks

In 2024, the total AUM of all cryptocurrency ETPs was $160.6 billion. CoinShares data shows that $257 million inflows into multi-asset ETPs and $438 million inflows into XRP $2.32 products supported this growth.

In 2024, Canada was the biggest seller of cryptocurrency ETPs.

In 2024, Canada became the greatest seller of cryptocurrency ETPs, while the US was the largest buyer, with $44.5 billion in inflows from the US.

In 2024, there were $707 million outflows from Canadian cryptocurrency ETPs, according to CoinShares. Last year, crypto ETP outflows from Sweden and Germany totaled $682 million and $328 million, respectively.

Flows by countries in the past four years (in millions of US dollars).

The $630 million and $234 million inflows from Switzerland and Brazil, respectively, were completely erased by cryptocurrency ETF withdrawals from Canada, Sweden, and Germany.

The above content is based on the article by William Suberg from Helen Partz

From the above content, it can be seen that

According to a recent report from CoinShares, cryptocurrency exchange-traded products (ETPs) saw inflows of $585 million at the start of 2025, signaling continued investor interest in crypto assets. While the market still faces challenges such as regulatory uncertainty and significant volatility, the inflows into crypto ETPs reflect the sustained confidence of both institutional and individual investors in the crypto space.

The Growth of Crypto ETPs

Crypto ETPs, as convenient investment tools, allow investors to gain exposure to the cryptocurrency market through traditional stock exchanges without the need to hold or manage the underlying assets. As Bitcoin and other cryptocurrencies move further into the mainstream investment landscape, demand for crypto ETPs has risen significantly. The $585 million inflow at the beginning of 2025 represents a new high and indicates that the crypto market is experiencing a phase of recovery or growth.

Institutional Participation

In the past few years, the crypto market was impacted by regulatory uncertainties, which led to more cautious participation from institutional investors. However, as regulatory frameworks become clearer and market infrastructure improves, more institutional investors are entering the crypto space. Crypto ETPs provide a relatively secure and compliant way for these investors to gain exposure to crypto assets. The increased inflows are a clear sign that institutional investors are regaining confidence in the market.

Risks and Regulatory Challenges

Despite the encouraging inflows, the crypto market still faces several challenges. First, the market remains highly volatile, with the prices of major cryptocurrencies such as Bitcoin frequently undergoing significant fluctuations, which could pose high risks for investors. Second, the global regulatory environment remains unclear, with different countries and regions imposing varying levels of regulation on cryptocurrency transactions, which could impact investor confidence and market liquidity. For example, some countries might introduce stricter regulations on crypto trading, which could have a negative impact on the market.

Conclusion

Despite the ongoing regulatory uncertainty and market volatility, the inflows into crypto ETPs suggest a positive trend. With the growing participation of institutional investors and the improvement of crypto market infrastructure, the future growth potential of crypto ETPs remains promising. However, investors should remain cautious and pay attention to market fluctuations and the potential risks posed by regulatory changes. For the crypto market, continuous innovation and regulatory adaptability will be key to ensuring long-term growth.