US Bitcoin ETF Sees Inflow of $903 Million as 2024 Confirms $44.2 Billion Global Gain

Crypto-related products recorded a staggering $44.2 billion in inflows last year – nearly four times the all-time high of $10.5 billion set in 2021.

According to CoinShares' latest report, this peak performance is due to the introduction of spot-based exchange-traded funds (ETFs), which have had a significant impact on global investments.

Bitcoin ETFs dominate

Bitcoin dominated the scene, attracting $38 billion in inflows and accounting for 29% of total assets under management (AuM).

This huge flow also led to a notable increase in the holdings of Bitcoin ETFs, which exceeded one million BTC in less than a year since their launch.

Major products such as BlackRock's IBIT and Fidelity's FBTC generated the most interest. Notably, IBIT became the most successful ETF launch of the past decade by outperforming nearly 3,000 other ETFs.

On the other hand, Grayscale's GBTC saw the biggest outflow last year as investors withdrew more than $21 billion from the fund for cheaper alternatives.

Nevertheless, the positive flows caused the US ETF products to lead global inflows, as it attracted almost all $44.4 billion, followed by Switzerland with $630 million.

However, large outflows from Canada and Sweden – totaling $707 million and $682 million, respectively – partially offset these gains.

James Butterfill, head of CoinShares research, pointed out that the outflows suggest a shift in investments from these regions to US-based products, confirming the growing attraction of the American crypto market.

He also noted that Bitcoin climbed to a new all-time high of over $100,000 last year due to BTC short results seeing inflows of $116 million.

Ethereum revival

Ethereum also stood out for its performance, especially for the recovery in the latter part of the year.

The digital asset received $4.8 billion in inflows as its ETH spot-based ETFs ended the year strongly. This inflow represented 26% of its AuM, which is 2.4 times higher than its 2021 total and is significantly higher than its 2023 performance.

At the same time, Ethereum's gains surpassed its eternal rival Solana, which managed $69 million in inflows, representing only 4% of its AuM.

Other large-cap coins, such as Polkadot, Cardano, XRP, and others, attracted a combined $813 million, accounting for 18% of their AuM.

2025 streaming

At the same time, this year has started on a positive note for Bitcoin investment results in the US, with inflows reaching $666 million in the first two trading days.

However, according to Farside data, January 3 saw an inflow of $908 million in one day, with Fidelity leading at $357 million, just ahead of BlackRock and Ark Invest at $253 million and $222 million, respectively .

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