Digital asset investment products reach a record $44.2B in 2024, according to CoinShares

In 2024, digital asset investment products saw a historic surge, with total inflows reaching $44.2 billion, according to CoinShares. This marks a significant increase compared to the previous record set in 2021, which saw inflows of just $10.5 billion. The majority of the inflows were driven by U.S.-based spot exchange-traded funds (ETFs), which accounted for the lion’s share of the total amount, totaling $44.4 billion. Smaller inflows were observed in Switzerland, with $630 million, while countries like Canada and Sweden experienced significant outflows of $707 million and $682 million, respectively. These outflows were attributed to investors moving to U.S. products or taking profits.

Despite market volatility, Bitcoin remained the dominant asset, attracting $38 billion, which represents 29% of the total assets under management in digital asset investment products. Interestingly, short-Bitcoin products experienced smaller inflows, with only $108 million flowing into them, showing a slight decline from the previous year’s $116 million.

Ethereum made a notable recovery in 2024, receiving $4.8 billion in inflows, which is nearly 2.5 times higher than the amount in 2021 and 60 times greater than in 2023. Ethereum’s inflows surpassed those of Solana, which only saw $69 million in new investments. Additionally, altcoins (excluding Ethereum) contributed $813 million, accounting for 18% of the total assets under management in digital asset investment products for the year.

These figures highlight a robust and growing interest in digital assets, particularly in the U.S. market, and suggest that investors remain optimistic about the future of cryptocurrencies despite market fluctuations. The surge in investments into Ethereum further indicates a shift toward broader diversification beyond Bitcoin, signaling strong institutional and retail interest in other blockchain ecosystems.