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Bitcoin and crypto ETPs continue their impressive performance just a week into the new year. According to a CoinShares report filed by James Butterfill, crypto ETPs saw a massive inflow of $585 million in the first few days of the year. Analysts say this early strong performance from crypto ETPs continues the assets’ impressive run from last year.
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In the same Coin shares According to the report, crypto ETPs achieved outflows of more than $44 billion in 2024, with Bitcoin being the most traded digital asset. Bitcoin saw inflows of $38 billion, representing almost 30% of all Assets in Management (AUM), while Ethereum picked up the pace in the second half of the year, with net inflows of more than $4.8 billion.
Bitcoin ETPs are leading the way
CoinShare’s James Butterfill shared these findings on the performance of crypto ETPs on the company’s official site and social media pages. The report explained that Bitcoin ETPs are the preferred digital investment product, taking $38 billion of all Bitcoin AUMs of global ETPs.
In 2024, crypto ETPs saw $44 billion inflows, and 2025 got off to a good start with $585 million inflows so farhttps://t.co/OczGDBUdph
— James Butterfill (@jbutterfill) January 6, 2025
Ethereum ETPs ranked second, receiving approximately $4.8 billion in inflows in 2024, representing 26% of all ETH AUMs from global ETPs. The ETP inflow last year is 2.4 times greater than what was recorded in 2021 and 60 times greater than in 2023.
Ethereum beats Solana in terms of 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 Ethereumit still leads all other altcoins.
Adoption of spot ETFs helps increase inflows
The sector saw record inflows in 2024, which is better than what the bull market experienced in 2021. In 2021, cryptocurrency investment products recorded net inflows of more than $10 billion. In short, last year’s inflow was 4x greater than the amount recorded in 2021.
According to Bufferfill, the rise in global crypto investment products benefited from the US approval of spot ETFs for Bitcoin in January 2024. In January 2024, the US Securities and Exchange Commission approved eleven applications for spot Bitcoin ETFs, followed by eight spot ETFs. ETFs for Ether on May 22.
According to recent data, these places are Bitcoin ETFs are the main reasons for the influx into Bitcoin-related investments. Butterfill also explained that these ETFs will redefine inflows for crypto investing in the future.
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Better Days Ahead for US Bitcoin Spot ETPs
In addition to CoinShares, Galaxy Digital also offered a rosy view of the future of the crypto investment industry. In a report published on December 31, 2024, the company boldly predicted that the US spot ETP market will continue to rise in 2025. The report indicated that this niche will reach $250 billion in assets under management this year.
Meanwhile, Alex Thorne of Firmwide Research said Bitcoin ETPs are approaching US gold ETPs in total value of assets under management.
Thorne added that Bitcoin will remain one of the best performing assets on a risk-adjusted basis. 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, chart from TradingView
