In 2024, global crypto exchange-traded products (ETPs) experienced a remarkable surge, with total net inflows exceeding $44.4 billion, significantly surpassing the previous all-time high of over $10 billion reached in 2021.

This growth was largely fueled by the introduction of U.S. spot ETFs in January 2024, which saw the SEC approving 11 Bitcoin and 8 Ether spot ETFs, greatly contributing to the inflow of investment products.

The inflows were predominantly driven by U.S.-based spot ETFs, underscoring their influential role in the current crypto market landscape.

Looking ahead, a Galaxy Digital report projects that U.S. Bitcoin spot ETPs could reach $250 billion in assets under management by the end of 2025, positioning them just $24 billion shy of U.S. gold ETPs.

Bitcoin continued to dominate the crypto ETP space, comprising approximately $573 million of Bitcoin assets under management globally.

Ethereum ETPs also saw significant activity, ranking second with $4.5 billion in inflows, which represented 26% of all Ethereum assets under management in global ETPs.

After experiencing earlier outflows, Ethereum ETFs enjoyed a resurgence in late 2024, indicating a positive evolution for ETH in the market.

In addition to Bitcoin and Ethereum, other altcoins collectively gained $813 million in net inflows in 2024, making up 18% of all non-Ethereum altcoin assets under management.

Among the altcoins, Solana recorded a notable inflow of $69 million, representing 4% of its total assets under management.

CoinShares reported that U.S. spot ETFs remain the leading performers in the ETP sector, with Australia and Switzerland also showing promising inflows of $1.1 million and $8.4 million, respectively.

As 2025 began, digital asset investment products started positively, with $585 million in net inflows, indicating continued investor interest in the crypto market.

Galaxy Digital's Head of Research, Alex Thorne, emphasized Bitcoin's strong performance, suggesting it could emerge as one of the top assets in 2025 based on its risk-adjusted returns.