Digital asset investment products reach record $44.2b in 2024, CoinShares says

Inflows into digital asset investment products hit a record high of $44.2 billion in 2024, led by U.S. spot ETFs, despite some market volatility, data showed.

The year is off to a strong start, with $585 million invested in digital asset products in the first three days of 2025, according to data from European asset manager CoinShares. However, for the full week, which included the last two trading days of 2024, there were net outflows of $75 million.

James Butterfill, head of research at CoinShares, said 2024 ended with a record $44.2 billion inflow into digital asset products, which is nearly four times the “previous record set in 2021 which saw inflows of $10.5 billion.”

Much of this increase came from U.S. spot exchange-traded products, which made up all of the inflows, totaling $44.4 billion. Switzerland saw more modest inflows of $630 million, but significant outflows from Canada and Sweden – $707 million and $682 million respectively – balanced the situation as investors turned to products Americans or taking their profits.

Bitcoin (BTC) continued to lead the pack, accumulating $38 billion, or 29% of total assets under management. Even with the price rise, short Bitcoin products saw lower inflows of $108 million, compared to $116 million in 2024, the data showed.

Ethereum (ETH) made its big comeback at the end of 2024, with $4.8 billion in revenue, almost 2.5 times more than in 2021 and 60 times more than in 2023. It overtook Solana (GROUND), which only recorded $69 million in revenue. Altcoins (excluding Ethereum) brought in $813 million, or 18% of total assets under management in 2024.