Looking Back at the Cryptocurrency Landscape of 2024
Dear friends, I am Shaohua, and today I will take everyone to review what happened in the cryptocurrency world last year. In 2024, the capital-raising ability of cryptocurrency asset-related products is terrifying, with funds pouring in madly, reaching a total of 44.2 billion USD. What does this number mean?
It's nearly four times the historical peak of 10.5 billion USD in 2021! A large amount of capital rushed into BTC ETFs, resulting in a rocket-like surge in holdings, with many products surpassing one million in holdings within less than a year.
Products like BlackRock's IBIT and Fidelity's FBTC have captured significant attention, with IBIT leading the pack, outperforming nearly 3,000 ETFs, becoming the “top star” in the ETF space over the past decade.
The United States, riding the wave of ETF momentum, absorbed almost all of the global 44.4 billion USD in funds, firmly holding the top position, while Switzerland followed behind with only 630 million USD in inflows.
Looking at the price trends, BTC surged ahead, breaking through the 100,000 USD mark and setting a new historical high, while the short products also weren't idle, with inflows of 11.6 million USD.
As for Ethereum, it made a strong comeback in the second half of the year, especially with the Ethereum spot ETF shining at the end of the year, attracting 4.8 billion USD, accounting for 26% of its asset management target, which is a significant improvement compared to 2021 and 2023.
During the same period, Solana also saw 69 million USD inflows, but it only accounted for 4% of its asset management scale, lagging far behind Ethereum in terms of growth. Follow me, Shaohua, for more exciting updates from the cryptocurrency world, as I continue to bring you the latest news.
