Institutional Crypto Investment Vehicles Obliterate Previous Inflow Records, Says CoinShares

Leading crypto manager CoinShares says institutional investors poured billions into crypto investment vehicles last year, obliterating previous inflow records.

Institutions poured billions into crypto investment vehicles in 2024, smashing previous inflow records, according to CoinShares.

In its latest Digital Asset Fund Flows report, CoinShares said that 2024 saw a new record of over $44 billion in institutional digital asset inflows despite the final trading days of the year posting outflows.

“Digital asset investment products saw $585m of inflows for the first 3 days of this year, although for the full week, which includes the last two trading days of 2024 saw net outflows totaling $75m.

The conclusion of 2024 marked a record $44.2bn of inflows globally, almost 4x the prior record set in 2021 which saw $10.5bn inflows. Marked by the entrance of US spot-based ETFs, which saw 100% of the inflows at $44.4bn.”

Switzerland provided an additional $630 million in inflows while Canada and Sweden saw $707 million and $682 million in outflows a piece. However, those outflows could be misleading, because according to CoinShares, the majority of them are the result of investors pulling out of Canadian and Swedish products to reinvest in American digital asset vehicles.

Bitcoin (BTC), per usual, took the lion’s share of inflows last year.

“Seeing $38bn inflows representing 29% of total assets under management (AuM). Despite the prices rises short-bitcoin investment products saw inflows of $108m, but less than in 2024 where it saw $116m inflows.”