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2024 concluded with a historic surge in cryptocurrency investments, totaling a staggering US$44.2 billion globally—nearly quadrupling the previous record of US$10.5 billion set in 2021. This unprecedented growth was fueled by the introduction of US spot-based ETFs, capturing 100% of the inflows. Despite minor setbacks with outflows from Canada and Sweden, the overall market sentiment remained exceedingly bullish.
Bitcoin led the charge, attracting US$38 billion in investments and accounting for 29% of total assets under management (AuM). Ethereum also made significant strides, with late-year gains bringing its total to US$4.8 billion, a dramatic increase over previous years. This resurgence highlighted Ethereum’s growing appeal alongside Bitcoin, as investors diversified their portfolios across major cryptocurrencies.
Even smaller cryptocurrencies, excluding Ethereum, marked notable growth with inflows of US$813 million. Although they represent a smaller portion of the market, their consistent performance underscores the expanding investor interest in a diverse range of digital assets, paving the way for a potentially transformative 2025.
