Global Crypto Funds Surge in 2024

Global crypto funds managed by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares saw a historic rise, registering $44.2 billion in net inflows last year. This figure is nearly four times 2021’s previous peak of $10.5 billion, as reported by CoinShares.

Digital asset investment products have also made a strong start in 2025, generating $585 million in net inflows. However, considering the last two days of 2024, overall net outflows were $75 million, according to CoinShares Head of Research James Butterfill in a recent report.

Highlights of 2024

• The year featured the approval and launch of U.S. spot Bitcoin and Ethereum exchange-traded funds, combining for $44.4 million in inflows.
• Switzerland’s crypto investment products recorded $630 million in net inflows, while Canada and Sweden faced net outflows of $707 million and $682 million, respectively, as investors shifted towards U.S.-based offerings and took profits.

Bitcoin and Ethereum Performance

Bitcoin products led the remarkable performance, generating $38 billion in net inflows, constituting 29% of total bitcoin assets under management. Short-bitcoin products attracted $108 million in investments during the price rise, slightly down from $116 million in the prior year.

On the other hand, Ethereum-based products experienced a resurgence in late 2024, amassing $4.8 billion in net inflows—2.4 times the total from 2021 and 60 times that of 2023.

XRP-based funds generated the third-largest inflow of 2024 with $438 million, while Solana products attracted $69 million.