Source: Blockchain Knight

Last year, inflows into Crypto asset-related products reached a staggering $44.2 billion, almost four times the all-time high of $10.5 billion in 2021.

According to the latest report from CoinShares, this record-breaking performance is attributed to the launch of US spot exchange-traded funds (ETFs), which has greatly affected global investment.

Among them, BTC occupies a dominant position, attracting US$38 billion in capital inflows, accounting for 29% of total assets under management (AuM)

The large inflow of BTC has also led to the holding of BTC ETFs. Volume has increased significantly, with the BTC ETF holdings exceeding one million in less than a year after its launch.

Leading products such as BlackRock’s IBIT and Fidelity’s FBTC have attracted the most attention.

It is worth noting that IBIT surpassed nearly 3,000 other ETFs to become the most successful ETF product in the past decade.

Grayscale's GBTC, on the other hand, saw the largest outflows last year as investors withdrew more than $21 billion from the fund, Invest in cheaper alternatives instead.

Nevertheless, positive flows in ETF products led to the United States becoming the global leader in capital inflows, as it attracted almost all of the $44.4 billion, followed by Switzerland with $630 million.

However, these gains were partially offset by significant outflows from Canada and Sweden, totaling US$707 million and US$682 million respectively.

James Butterfill, director of research at CoinShares, pointed out that the outflow of funds shows that investment is shifting from these regions to US products, highlighting the growing attractiveness of the US Crypto asset market.

Butterfill also pointed out that BTC climbed to an all-time high of over $100,000 last year, resulting in an inflow of $116 million in BTC short products.

Ethereum’s performance has also been outstanding, especially its resurgence in the second half of this year.

As Ethereum spot ETFs performed strongly at the end of the year, the digital asset received $4.8 billion in inflows.

This inflow accounts for 26% of its total asset management, which is 2.4 times the total inflow in 2021, greatly exceeding the performance in 2023.

Meanwhile, Ethereum outpaced its rival Solana, which managed $69 million in inflows, It accounts for only 4% of its assets under management.

Other large-cap tokens, such as Polkadot, Cardano, XRP, etc., attracted a total of $813 million, accounting for its assets18% of net worth.

At the same time, BTC investment products in the United States have started well this year, with inflows reaching US$666 million in the first two trading days.

According to Farside data, there was a single-day inflow of US$908 million on January 3, of which Fidelity led the way with US$357 million, second only to BlackRock and ArkInvest, which had US$253 million and US$222 million respectively. billion dollars.