Crypto ETPs Hit $10.8B in 2024 Inflows, Led by Bitcoin and Ethereum

Crypto ETPs Smash Records with $10.8 Billion in Year-to-Date Inflows

The cryptocurrency investment landscape has hit a historic milestone, as global crypto exchange-traded products (ETPs) recorded $3.3 billion in weekly inflows, pushing the total year-to-date (YTD) figure past an impressive $10.8 billion, according to a new report by European digital asset manager CoinShares.

This surge in investor activity came during the week ending May 24 and marks yet another record-breaking achievement for crypto ETPsthis year.

Crypto ETP Assets Near All-Time High

James Butterfill, head of research at CoinShares, revealed that total assets under management (AUM) in crypto ETPsbriefly soared to an all-time high of $187.5 billion, reflecting the growing appetite among investors for digital asset exposure.

Butterfill pointed to rising concerns over the U.S. economy, including the recent Moody’s downgrade and the resulting spike in Treasury yields, as key drivers pushing investors to diversify into crypto.

“We believe these macroeconomic pressures are encouraging investors to seek alternative assets, and digital assets are increasingly becoming a go-to option,” Butterfill noted.

Crypto ETP flows by asset as of May 23, 2025 (in millions of US dollars). Source: CoinShares

Bitcoin Dominates with $2.9 Billion Weekly Inflows

Bitcoin once again led the charge among crypto ETPs, attracting a staggering $2.9 billion in inflows last week alone — accounting for nearly a quarter of all inflows for 2024 so far.

The surge followed Bitcoin’s rally past the $110,000 mark on May 22, a historic high that also spurred heightened interest in short-Bitcoin products. These short positions saw inflows climb to $12.7 million, the highest since December 2024, as some investors began hedging against potential price pullbacks.

Ethereum Sees Fifth Straight Week of Gains

Ethereum (ETH) ETPs continued to gain momentum as well, pulling in $326 million in inflows last week. This marked the fifth consecutive week of growth, bolstered by the successful Pectra upgrade that went live on May 7, further solidifying Ethereum’s technological lead and investor confidence.

Altcoins Struggle, XRP Faces Record Outflows

While Bitcoin and Ethereum thrived, most altcoin ETPs saw minimal or no inflows. XRP, in particular, faced record-breaking outflows of $37.2 million — ending an impressive 80-week inflow streak.

This sharp reversal came despite two potentially bullish developments for XRP: growing optimism around a spot XRP ETF in the U.S. and $2.2 billion in XRP futures activity. However, XRP’s price has continued to underperform, fueling investor retreat from XRP-linked investment products.

Weekly crypto ETP inflows since late 2024. Source: CoinShares

Breaking Records: A Resilient Crypto ETPs Market

The latest figures follow a string of record-breaking weeks for crypto ETPs. Just earlier in May, crypto investment products recorded $785 million in inflows, pushing the YTD tally to $7.5 billion by mid-May.

Notably, these inflows fully reversed the nearly $7 billion in outflows seen during the February–March price correction, surpassing the previous inflow peak of $7.2 billion recorded in February 2025.

Outlook

The relentless inflow momentum into crypto ETPs signals robust and growing institutional and retail demand, even in the face of macroeconomic headwinds and volatile price swings.

As digital assets continue to mature and expand, investors are increasingly turning to ETPs as a regulated, accessible, and liquid gateway into the evolving crypto ecosystem.