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Digital Asset Investment Products See Record-Breaking Inflows in 2024

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Digital asset investment products witnessed a record $44.2 billion in inflows during 2024, nearly four times the previous record set in 2021. This surge was fueled by the introduction of spot-based ETFs in the US, which accounted for 100% of the inflows. Bitcoin dominated the market with $38 billion in inflows, while Ethereum rebounded strongly towards the end of the year.

In the first three days of this year, digital asset investment products experienced inflows totaling $585 million. However, the full week, including the last two trading days of 2024, recorded net outflows of $75 million. Globally, 2024 concluded with a record-breaking $44.2 billion in inflows.

Other countries, such as Switzerland, saw inflows of $630 million, and significant outflows from Canada with $707 million and Sweden with $682 million offset these gains, as many investors shifted to US-based products or realized profits. Ethereum rebounded strongly towards the end of the year, achieving $4.8 billion in inflows, which represented 26% of its AuM. Interestingly, this was 2.4 times higher than in 2021 and 60 times the inflows of 2023.

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