Cryptocurrency investment products have reached a major milestone, with year-to-date (YTD) inflows surpassing the total gains recorded in 2024.
Global crypto exchange-traded products (ETPs) have attracted $48.67 billion so far this year, exceeding the full-year total for 2024, according to CoinShares head of research James Butterfill, who reported the figures in an X post on Thursday.
In 2024, crypto ETPs recorded $44.2 billion in inflows, driven by a massive surge following the historic launch of spot crypto exchange-traded funds (ETFs) in the United States.
The new milestone builds on record-breaking weekly inflows of $5.95 billion posted last week, with Bitcoin (BTC) leading the gains with a record $3.6 billion.
Bitcoin funds yet to reach last year’s records
Bitcoin-based ETPs continued to dominate the crypto fund surge in 2025, with BTC funds drawing in about $30 billion, accounting for 62% of inflows YTD.
However, Bitcoin’s dominance has noticeably waned compared to 2024, when BTC fund inflows reached $38 billion, accounting for roughly 86% of total annual inflows.
Annual crypto ETP flows by asset since 2021. Source: CoinShares
Ether (ETH) funds, meanwhile, have massively outpaced last year’s performance, surpassing last year’s totals of $4.9 billion in July and nearly tripling since to reach $14.1 billion, according to the latest update from CoinShares’ Butterfill.
The surge in Ether funds this year has significantly boosted their market share, with dominance rising from 11% in 2024 to 29% as of the latest CoinShares report.
Solana and XRP among leading altcoins in ETPs
Apart from Ether, Solana (SOL) and XRP (XRP) have emerged as major altcoins in crypto funds in 2025, according to CoinShares.
“Inflows into altcoins seem to be confined to SOL and XRP at present,” Butterfill said, referring to their YTD inflows of $2.7 billion and $1.9 billion, respectively.
Source: James Butterfill
The news came amid the community anticipating significant events in the crypto ETP industry in the coming weeks, with the US Securities and Exchange Commission being expected to deliver decisions on multiple altcoin ETFs.
Related: Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach
In late September, NovaDius Wealth Management president Nate Geraci predicted that the first two weeks of October could be “enormous” for US spot crypto ETFs.
Although the SEC has been shutting down operations since Oct. 1 due to the US government shutdown, some major issuers have managed to launch new products. On Monday, Grayscale Investments debuted the first US-listed spot crypto ETPs with staking capabilities.
Magazine: Bitcoin may move ‘very quick’ to $150K, altseason doubts: Hodler’s Digest, Sept. 28 – Oct. 4
