The cryptocurrency investment space continues to shatter records in 2024, with global crypto exchange-traded products (ETPs) attracting an unprecedented $3.3 billion in weekly inflows, according to data from European digital asset manager CoinShares. This surge has pushed the year-to-date (YTD) inflows to a record-breaking $10.8 billion, marking a pivotal moment for institutional crypto adoption and investor sentiment.
Bitcoin Dominates Inflows as Price Surges
Leading the charge in the latest inflow data is Bitcoin, which saw $2.9 billion in new investments into its ETPs in just one week. The inflows account for nearly a quarter of all 2024 inflows into crypto ETPs so far, underlining Bitcoin’s continued dominance in the market.
Crypto ETP flows by asset as of May 23, 2025 (in millions of US dollars). Source: CoinShares
Investor interest surged after Bitcoin broke past the $110,000 mark for the first time on 22 May. This price rally also sparked an unexpected uptick in short-Bitcoin ETPs, which saw $12.7 million in inflows—the highest weekly figure since December 2024. The dual interest in long and short products indicates a growing sophistication in crypto investment strategies.
Ethereum Sees Continued Momentum Post-Pectra Upgrade
Ethereum also attracted solid investor attention, recording $326 million in inflows last week. This marked the fifth consecutive week of positive inflows for Ether ETPs, bolstered by the successful implementation of the Pectra upgrade on 7 May.
The upgrade, which included several performance and scalability enhancements, has reinforced investor confidence in Ethereum’s long-term value proposition. Analysts suggest that Ethereum’s improved network efficiency and the ongoing development roadmap are encouraging institutional investors to expand their exposure to the asset.
XRP Suffers Record Weekly Outflows Despite Bullish News
In contrast to the strong performance of Bitcoin and Ethereum, XRP ETPs faced a wave of selling pressure. After maintaining an 80-week streak of inflows, XRP investment products experienced $37.2 million in outflows, the largest weekly outflow on record for the asset.
This retreat comes as a surprise, particularly given two major developments: the growing speculation around a potential spot XRP ETF in the United States, and the rising interest in XRP futures, which have hit a cumulative value of $2.2 billion. Despite this, XRP’s price action has lagged, suggesting investor hesitation amid broader market uncertainties.
Record-Breaking Year Reflects Changing Market Dynamics
CoinShares’ latest report underscores the remarkable growth trajectory of crypto investment products in 2024. The $10.8 billion YTD inflow milestone represents not just a record figure, but also a full recovery from the $7 billion in outflows recorded during the market correction earlier in the year.
James Butterfill, head of research at CoinShares, noted that total assets under management (AUM) in crypto ETPs temporarily reached an all-time high of $187.5 billion. He attributed the surge in demand to growing economic concerns in the United States, including the recent Moody’s downgrade and a spike in treasury yields, prompting investors to seek diversification through digital assets.
Weekly crypto ETP inflows since late 2024. Source: CoinShares
Moreover, the inflow momentum appears to be accelerating. Just a week prior, in mid-May, crypto ETPs saw $785 million in inflows, pushing YTD totals to $7.5 billion by 16 May—surpassing the previous high of $7.2 billion set in February 2025.
Outlook: Institutional Adoption Gathers Pace
The latest inflow data confirms a powerful trend: institutional capital is flowing into digital assets at an unprecedented rate. With continued macroeconomic uncertainty, ongoing network upgrades, and increasing regulatory clarity in key markets, crypto ETPs are fast becoming a mainstream financial product.
As the market moves deeper into 2025, analysts expect this trend to persist—especially if more spot ETFs are approved in the US and other major economies. For now, crypto ETPs are not just rebounding—they’re setting new benchmarks for global investor participation.
