Crypto Investment Products Attracted $44.5 Billion in 2024

Digital asset investment products received $3.2 billion in new investments last week, the 10th straight week of positive inflows.

According to CoinShares, the sum brings 2024's total inflows to $44.5 billion, more than four times any prior year.


ETP trading has increased, with weekly volumes reaching $21 billion, 30% of bitcoin's turnover on trustworthy exchanges.

Bitcoin investment goods earned $2 billion this week.

Bitcoin inflows total $11.5 billion since the election. Short Bitcoin contracts had $14.6 million in inflows due to recent price changes, although their AuM is still low at $130 million.

Ethereum surged for a seventh week, garnering $1 billion in investments.

Ethereum inflows hit $3.7 billion in seven weeks, indicating investor confidence.

Other cryptocurrencies gained, with XRP earning $145 million in inflows on hopes for a U.S.-listed ETF.

Polkadot and Litecoin had $3.7 million and $2.2 million inflows, respectively, demonstrating interest in alternative digital currencies.

Significant outflows have hit Grayscale Bitcoin Trust (GBTC). The fund is the only U.S. spot Bitcoin ETF with a negative net investment flow, having lost $21.045 billion since January 11.

Farside Investors reports GBTC's daily outflows average $89.9 million over the previous 11 months.

Other U.S. spot Bitcoin ETFs have positive balances.

Inflows into nine newly authorized spot Bitcoin ETFs, including Fidelity, ARK 21Shares, Invesco, and WisdomTree, total $20.737 billion.

BlackRock's iShares Bitcoin Trust (IBIT) leads with $35.883 billion in inflows and $153.3 million in daily investments since its launch.


Since July 23, Grayscale's Ethereum Trust ETF (ETHE) has witnessed approximately $3.5 billion in outflows, comparable to Bitcoin. Several spot Ether ETFs have witnessed good inflows.

BlackRock's iShares Ethereum Trust ETF (ETHA) and Fidelity's Ethereum Fund (FETH) led with $3.2 billion and $1.4 billion inflows, respectively.

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