2024 Sees Record Crypto Fund Inflows Surpassing 2021’s Total in Just 3 Months

In 2024, global crypto funds have shattered the previous yearly inflow record within just three months of trading, amassing over $12 billion worldwide, as reported by CoinShares.

This surge is primarily attributed to the success of new U.S. spot Bitcoin ETFs, which dominated the inflows, resulting in nearly $1.8 billion inflow for the week alone, surpassing the entire 2021 record of $10.6 billion.

Key players in the asset management sector, including BlackRock, Fidelity, ProShares, and 21Shares, have collectively surpassed the previous yearly inflow record of 2021, reaching over $12 billion within the first quarter of 2024, according to CoinShares.

The recent inflows into global crypto exchange-traded funds and exchange-traded products have propelled the year-to-date total to $12 billion, surpassing the $10.6 billion recorded for the entirety of 2021. This surge has been primarily fueled by substantial inflows from the new spot bitcoin ETFs in the United States.

James Butterfill, CoinShares Head of Research, emphasized the remarkable achievement, stating that digital assets ETFs/ETPs have surpassed the 2021 record within a few days, reaching $12 billion year-to-date. Furthermore, last week saw record inflows of nearly $2.7 billion, contributing to the already impressive total of $10.3 billion in 2024 before the current week began. Additionally, crypto funds experienced a record trading volume of $43 billion last week, nearly 50% higher than the previous peak.

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