Digital asset investment products kicked off 2025 with inflows of $585 million in the first three days of the year.
However, the full week, including the last two trading days of 2024, recorded net outflows of $75 million, according to a recent report by CoinShares.
The report noted that the end of 2024 set a record for global digital asset inflows, reaching $44.2 billion—nearly four times the previous record of $10.5 billion in 2021.
Spot Bitcoin ETFs Drive $44.4B Inflows
A significant driver of this milestone was the introduction of U.S. spot-based ETFs, which attracted $44.4 billion, while other regions like Switzerland saw smaller inflows of $630 million.
However, large outflows from Canada and Sweden, at $707 million and $682 million respectively, offset these gains as investors pivoted to U.S. products or locked in profits.
Bitcoin led the charge in 2024, bringing in $38 billion in inflows, equivalent to 29% of total assets under management (AuM).
Ethereum also surged, closing the year with $4.8 billion in inflows—60 times its 2023 total. Meanwhile, other altcoins (excluding Ethereum) saw $813 million in inflows, representing just 18% of AuM.
As reported, spot Bitcoin ETFs in the United States recorded a remarkable $35.66 billion in net inflows in 2024, significantly exceeding early industry projections.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the market with $37.31 billion in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $11.84 billion, and ARK’s 21Shares Bitcoin ETF (ARKB) with $2.49 billion.
Other significant contributors included the Bitwise Bitcoin ETF (BITB), which reported $2.19 billion in inflows.
On the Ether ETF front, BlackRock’s iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) led inflows with $3.52 billion and $1.56 billion, respectively.
Grayscale’s low-fee Ethereum Mini Trust ETF (ETH) secured $608.1 million in inflows, while the Bitwise Ethereum ETF (ETHW) crossed $400 million.
Bitcoin Rally Faces Uncertainty
A potential Bitcoin rally, anticipated to gain momentum ahead of Donald Trump’s January 20 inauguration, may face challenges later in the month as the Federal Reserve prepares its first interest rate decision of the year.
In a recent report, Markus Thielen, founder of 10x Research, outlined his expectations for Bitcoin’s trajectory in January, noting that market dynamics remain tightly linked to inflation data and Federal Reserve policies.
Thielen predicts a “positive start” to the month, bolstered by optimism ahead of the January 15 release of the Consumer Price Index (CPI) inflation data.
However, Ryan Lee, Chief Analyst at Bitget Research, said that the cryptocurrency market is gaining momentum as stablecoins rebounded with a $3 billion increase last week.
In a comment shared with Cryptponews.com, he claimed that event-driven impacts, such as FTX’s $16 billion user compensation release, are expected to boost liquidity further, while upcoming token issuances signal bullish sentiment for January.
“The futures market shows promising signs of health, with BTC and ETH funding rates for long positions hovering around an annualized 10%.”
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