Crypto exchange-traded products (ETPs) have had a strong start in 2025, with an inflow of $585 million in the first three days of the year. This is despite a challenging end to 2024, which saw net outflows of $75 million.
The introduction of spot Bitcoin ETFs in January 2024 has played a significant role in driving investment trends and renewing interest in cryptocurrency as an asset class. In 2024, total inflows for crypto ETPs reached $44.2 billion, a 320% increase from the previous record set in 2021.
Bitcoin ETPs attracted the most inflows, accounting for 29% of the total Bitcoin assets under management (AUM) of $130 billion. The United States led in inflows, while Canada experienced substantial outflows. Sweden and Germany also saw outflows, while Switzerland and Brazil had positive inflows.
Bitcoin ETPs have dominated the market, with Ethereum-based ETPs also performing well. XRP-focused ETPs and multi-asset products also attracted investments.
The total assets under management for crypto ETPs reached $160.6 billion by the end of 2024, reflecting the increasing global interest in cryptocurrencies. Canada faced challenges in the market, while the U.S. saw a surge in inflows.
Understanding regional dynamics and investor behavior is crucial in analyzing the global crypto ETP landscape. The future of crypto ETP investments will be influenced by regulatory changes and product innovations.