The launch of US-based ETFs drove this growth, accounting for all of the $44.4 billion inflows. Countries like Switzerland also saw inflows of $630 million, while Canada and Sweden saw outflows of $707 million and $682 million respectively, as investors shifted to US-based products and made partial profits. #bitcoin left its mark on 2024 with inflows of $38 billion (29% of total assets under management). Short-term Bitcoin investment products also saw inflows of $108 million despite the price increase.
#Ethereum rebounded in late 2024, bringing its annual inflows to $4.8 billion (26% of AUM). This is 2.4x the total in 2021 and 60x the inflows in 2023. Ethereum surpassed #solana , which saw inflows of $69 million. Altcoins other than Ethereum saw inflows of $813 million in 2024. This represents just 18% of AUM. In the first three days of 2025, there were inflows of $585 million into crypto asset investment products. On the other hand, outflows in the full week covering the last two trading days of 2024 were $75 million.
As 2024 came to a close, a record $44.2 billion inflows were recorded globally, nearly four times the previous record of $10.5 billion in 2021. U.S.-based ETFs accounted for 100% of inflows, at $44.4 billion. While other countries, such as Switzerland, saw inflows of $630 million, this was offset by large outflows from Canada and Sweden, respectively, of $707 million and $682 million, as investors shifted to U.S.-based products, in some cases making profits.
