比特币 ETP 在 2024 年主导加密货币投资，吸引了 38B 美元的资金流入

2025 年前三天，加密货币交易所交易产品 (ETP) 流入量达 5.85 亿美元

Crypto exchange-traded products (ETPs) saw a net inflow of $585 million in the first three days of 2025, according to CoinShares. This marked a strong start to the year, following net outflows of $75 million during the final trading days of 2024.

根据 CoinShares 的数据，加密货币交易所交易产品 (ETP) 在 2025 年前三天净流入 5.85 亿美元。继 2024 年最后交易日净流出 7500 万美元之后，这标志着今年的强劲开局。

In total, crypto ETPs attracted a record $44.2 billion in inflows during 2024, a 320% increase compared to the previous high of $10.5 billion set in 2021. The introduction of spot Bitcoin ETFs in January 2024 was the primary driver behind these inflows.

总的来说，加密货币 ETP 在 2024 年吸引了创纪录的 442 亿美元资金流入，与 2021 年创下的 105 亿美元的高点相比增长了 320%。2024 年 1 月推出的现货比特币 ETF 是这些资金流入背后的主要驱动力。

Bitcoin ETPs Led Crypto Investment in 2024

比特币 ETP 引领 2024 年加密货币投资

Bitcoin exchange-traded products (ETPs) led the way in 2024, attracting $38 billion in inflows. This represented 29% of the $130 billion in total Bitcoin assets under management (AUM). The launch of spot Bitcoin ETFs in the U.S. played a major role in boosting these inflows.

比特币交易所交易产品（ETP）在 2024 年引领潮流，吸引了 380 亿美元的资金流入。这占比特币管理资产总额 (AUM) 1,300 亿美元的 29%。美国推出现货比特币 ETF 在推动资金流入方面发挥了重要作用。

ETPs tracking Ethereum also saw significant activity, with full-year inflows for Ethereum products reaching $4.8 billion, or 26% of the $18.6 billion in total Ethereum AUM. XRP-focused ETPs saw $438 million in inflows, while multi-asset products attracted $257 million.

追踪以太坊的 ETP 也出现了显着的活动，以太坊产品的全年流入量达到 48 亿美元，占以太坊资产管理规模 186 亿美元的 26%。以 XRP 为重点的 ETP 吸引了 4.38 亿美元的流入，而多资产产品则吸引了 2.57 亿美元的流入。

Total ETP Assets Surged to $160.6B

ETP总资产飙升至$160.6B

By the end of 2024, the total assets under management (AUM) for crypto ETPs had surged to $160.6 billion. This growth reflected increasing global interest in cryptocurrencies as an asset class, with investments being channeled through a diverse range of products, including Bitcoin, Ethereum, XRP, and multi-asset funds.

到 2024 年底，加密货币 ETP 的管理总资产（AUM）已飙升至 1606 亿美元。这种增长反映出全球对加密货币作为一种资产类别的兴趣日益浓厚，投资通过多种产品进行，包括比特币、以太坊、XRP 和多资产​​基金。

Canada Led in Crypto ETP Outflows

加拿大在加密货币 ETP 流出方面处于领先地位

While the United States saw crypto ETP inflows of $44.5 billion in 2024, Canada emerged as the largest seller. Canadian crypto ETPs recorded $707 million in outflows during the year.

2024 年，美国的加密货币 ETP 流入量为 445 亿美元，而加拿大则成为最大的卖家。加拿大加密货币 ETP 年内流出 7.07 亿美元。

Sweden and Germany also reported substantial outflows, with $682 million and $328 million, respectively. On the other hand, Switzerland and Brazil showed positive inflows, adding $630 million and $234 million to their crypto ETP markets.

瑞典和德国也报告大量资金外流，分别为 6.82 亿美元和 3.28 亿美元。另一方面，瑞士和巴西的加密货币 ETP 市场出现了积极的资金流入，分别增加了 6.3 亿美元和 2.34 亿美元。

Regional Trends in Crypto ETP Investments

加密货币 ETP 投资的区域趋势

CoinShares highlighted a mixed regional performance for crypto ETPs in 2024. The U.S. led the way in terms of purchases, largely driven by the introduction of spot Bitcoin ETFs. Meanwhile, Canada, Sweden, and Germany experienced significant outflows, reflecting varying market conditions and investor strategies.

CoinShares 强调了 2024 年加密货币 ETP 的区域表现参差不齐。美国在购买方面处于领先地位，这主要是由现货比特币 ETF 的引入推动的。与此同时，加拿大、瑞典和德国出现了大量资金外流，反映出不同的市场状况和投资者策略。