Bitcoin and cryptocurrency ETPs continue their impressive performance just a week into the fresh year. According to a CoinShares report filed by James Butterfill, cryptocurrency ETPs saw a massive inflow of $585 million in the first few days of the year. Analysts say this early mighty performance for cryptocurrency ETPs continues the asset’s impressive run from last year.

In the same CoinShares The report found that cryptocurrency ETPs achieved outflows of over $44 billion in 2024, with Bitcoin being the most traded digital asset. Bitcoin saw inflows of $38 billion, representing almost 30% of total assets under management (AUM), while Ethereum gained momentum in the second half of the year, with net inflows exceeding $4.8 billion.

Bitcoin ETPs lead the pack

CoinShare’s James Butterfill shared these findings on ETP cryptocurrency performance on the company’s official website and social media pages. The report explained that Bitcoin ETPs were the preferred digital investment product, accumulating $38 billion of all Bitcoin AUM globally.

In 2024, $44 billion flowed into ETP cryptocurrencies, 2025 started well with $585 million inflows so farhttps://t.co/OczGDBUdph

— James Butterfill (@jbutterfill) January 6, 2025

Ethereum ETP took second place, receiving approximately $4.8 billion in inflows in 2024, representing 26% of all ETH AUM of global ETPs. ETP inflows last year are 2.4 times higher than in 2021 and 60 times higher than in 2023.

Ethereum beats Solana in terms of 2024 inflows, with just $69 million, representing just 4% of total assets under management. Although Solana’s numbers are petite compared to Bitcoin AND Etherit still leads all other altcoins.

The approval of cash ETFs helps escalate inflows

The industry saw record inflows in 2024, which was better than the bull market in 2021. In 2021, cryptocurrency investment products recorded a net inflow of over $10 billion. In tiny, last year’s inflows were 4 times greater than the amount recorded in 2021.

According to Bufferfill, the growth in global cryptocurrency investment products benefited from the US approval of spot Bitcoin ETFs in January 2024. In January 2024, the US Securities and Exchange Commission approved 11 applications for spot Bitcoin ETFs, followed by eight cash ETFs ETFs for Ether on May 22.

According to the latest data, these are the places Bitcoin ETFs these are the main reasons for the inflow of Bitcoin-related investments. Butterfill also explained that these ETFs will redefine future cryptocurrency investment income.

Better days are coming for US Bitcoin Spot ETPs

In addition to CoinShares, Galaxy Digital also painted a rosy picture for the future of the cryptocurrency investment industry. In a report shared on December 31, 2024, the company boldly predicted that the US spot ETP market will continue to grow in 2025. The report indicated that this niche will reach $250 billion in AUM this year.

Meanwhile, Alex Thorne of Firmwide Research said Bitcoin ETPs are approaching US gold ETPs in terms of total assets under management.

Thorne added that Bitcoin will continue to be one of the best-performing assets on a risk-adjusted basis. Other analysts said Ether spot ETPs will also escalate this year. The Ethereum blockchain will benefit from Trump’s presidency and favorable regulatory changes.

Featured image from OneSafe, chart from TradingView