In the first three days of this year, digital asset investment products saw inflows totaling $585 million. However, the entire week, including the last two trading days of 2024, saw net outflows of $75 million. Globally, 2024 concluded with a record $44.2 billion in box office receipts.
This figure is almost four times the previous record of $10.5 billion set in 2021. The increase came despite crypto prices falling in the latter part of the year.
Bitcoin leads with inflows of $38 million in 2024
According to CoinShares’ first edition of the “Weekly Report on Digital Asset Fund Flows” for the year 2025, this increase was mainly driven by the introduction of cash ETFs in the US, which accounted for 100 % of receipts of $44.4 billion.
Other countries, such as Switzerland, saw inflows of $630 million and significant outflows from Canada at $707 million and Sweden at $682 million offset these gains as many investors moved to US-based products or make profits
CoinShares head of research James Butterfill revealed that Bitcoin dominated the market in 2024 as it achieved $38 billion in inflows and accounted for 29% of total AuM. Short-Bitcoin investment products also earned $108 million, but this was slightly lower than the $116 million recorded in 2023.
Ethereum rebounded strongly towards the end of the year, achieving $4.8 billion in inflows, which represented 26% of its AuM. Interestingly, it was 2.4 times larger than 2021 and 60 times larger than 2023 entries.
Solana, on the other hand, attracted just $69 million in admissions, representing 4% of AuMs. Altcoins, excluding Ethereum, contributed $813 million in inflows, equivalent to 18% of AuM.
Bitcoin Looks at ‘Heft Sell Wall’
The new year began with Bitcoin briefly getting a boost from buyers after a dull December. Another positive start to the week briefly pushed the crypto asset past $99,800. Bitcoin appears to be nearing the coveted $100,000 mark, which QCP Capital describes as a “strong selling wall” where it saw increased selling pressure in December.
Although the milestone was first breached on December 5, pushing funding rates above 60%, QCP Capital said current funding levels remain stable, reducing the likelihood of a short imminent compression. Unlike December’s rally, the market appears less likely to experience any major catalysts, such as Trump-related developments, until after his inauguration on January 20.
Also, the volatility of the interface has remained “soft” with a relatively neutral tilt, indicating a similar sentiment.
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