Let’s talk about those things in the currency circle last year

Inflows into crypto asset-related products reached a staggering $44.2 billion in 2024, almost four times the all-time high of $10.5 billion in 2021. This record-breaking performance was attributed to the launch of ETFs, which greatly impacted global investing.

The massive inflow of BTC has also led to a significant increase in BTC ETF holdings, with holdings exceeding one million in less than a year after its launch.

Leading products such as BlackRock's IBIT and Fidelity's FBTC have attracted the most attention. Notably, IBIT surpassed nearly 3,000 other ETFs to become the most successful ETF product of the past decade.

Nonetheless, positive flows in ETF products led to the United States becoming the global leader in inflows as it attracted almost all of the $44.4 billion, followed by Switzerland with $630 million.

BTC climbed to an all-time high of over $100,000 last year, resulting in $116 million in BTC short product inflows.

Ethereum has also performed well, especially with its resurgence in the second half of the year. As Ethereum spot ETFs performed strongly at the end of the year, the digital asset received $4.8 billion in inflows.

This inflow accounts for 26% of its total assets under management, which is 2.4 times the total inflow in 2021 and greatly exceeds the performance in 2023.

Meanwhile, Ethereum outpaced rival Solana, which managed $69 million in inflows, accounting for just 4% of its assets under management.

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