Flows into digital asset investment products hit a record $44.2 billion in 2024, led by US spot ETFs, despite some market volatility, the data showed.

The year started strong, with $585 million flowing into digital asset products during the first three days of 2025, according to Data From European asset manager CoinShares. However, for the entire week, which included the last two trading days of 2024, there were net outflows of $75 million.

CoinShares head of research James Butterville says 2024 ended with a record $44.2 billion inflows into digital asset products, nearly four times “the previous record set in 2021 which saw inflows of $10.5 billion.”

Much of this increase came from products traded on the US exchange on a spot basis, which accounted for all inflows, totaling $44.4 billion. Switzerland saw some smaller inflows of $630 million, but large outflows from Canada and Sweden - $707 million and $682 million, respectively - helped balance things out as investors turned to US products or took profits.

Bitcoin (Bitcoin) continued to lead the group, raising $38 billion, or 29% of total assets under management. Even as prices rose, short Bitcoin products saw smaller inflows of $108 million, down from $116 million in 2024, the data shows.

Ethereum (Ethereum(It made a big comeback in late 2024, with inflows of $4.8 billion, nearly 2.5 times more than in 2021 and 60 times more than in 2023. Solana (Sol), which saw inflows of only $69 million. Altcoins (excluding Ethereum) brought in $813 million, representing 18% of total assets under management in 2024.