Crypto Investment Inflows Soar 4X Higher in 2024: CoinShares

banner-image

Crypto investments controlled by asset managers like Fidelity, BlackRock, Bitwise, 21Shares, and Grayscale have maintained a 10-week streak of net inflows. According to the CoinShares report, the cumulative inflow stood at $3.2 billion.

Record-Breaking Year for Crypto Investments

James Butterfill, CoinShares Head of Research, highlighted that the inflows have helped drive the year-to-date figures to $44.5 billion. This marks a significant record that represents over four times the level registered in any other prior years.

Butterfill noted that, on average, exchange-traded products (ETP) have attained an average of $21 billion weekly. 

Of this amount, 30% comprised Bitcoin, traded on main exchanges. All investment types of Bitcoin on main exchanges registered an average of $8.3 billion daily in 2024. This record is twice that of the FTSE 1000.

Meanwhile, the 12 U.S. spot Bitcoin exchange-traded funds (ETFs) added $2.17 billion in cumulative inflows last week alone. The ETFs have extended their unbroken positive net inflows to 12 trading days. 

The sum now stands at $5.3 billion, 15% of the $35.8 billion cumulative net inflows generated since January when they launched.

Geographical Inflow Trends

Analysts at Bernstein, a research and brokerage firm noted that Bitcoin ETF demand has been on a continuous surge. Last week, the inflows exceeded $2 billion. In the last nine weeks, Bitcoin ETFs have surpassed $2 billion in net inflows.

Regarding geographical flows, U.S.-based funds led with $3.14 billion of inflows. Meanwhile, Switzerland registered a weekly net inflow of $35.6 million. Others include Germany and Brazil, which have inflows of $32.9 million and $24.7 million, respectively.

Butterfill considers these figures a positive testament to the sentiments in the broader crypto sector. According to him, Bitcoin-based funds have raked in $11.5 billion since Donald Trump’s electoral victory.

Outlook for Altcoins

In the interim, Ethereum-based funds have picked up momentum and logged their seventh week of consecutive inflows. Bitterfill says the Ethereum funds added $1 billion to $3.7 billion for the period under consideration.

Another altcoin, XRP investment products, registered net inflows of $145 million last week as anticipation builds for ETF approval in the U.S. 

February 18, 2025

The Litecoin trend has turned bullish after a turbulent start to..

February 18, 2025

The founder of the token launchpad Pump.fun called for stricter protections..

February 18, 2025

Investors in the crypto market are buzzing with excitement, but not..

features-presales-thunder

Floppypepe ($FPPE) is your ticket to the moon. Escape the ordinary and reach for lunar gains with this AI meme token. Secure your spot now before it's too late.

Join Now