2024

Solana

James

Update (Oct. 9, 11:15 am UTC): This article has been revised to reflect the latest CoinShares data on 2024 inflows, following discrepancies with data previously reported by CoinShares in early 2025.
Cryptocurrency investment products reached a major milestone, with year-to-date (YTD) inflows surpassing the total recorded in 2024.
Global crypto <a href="https://cointelegraph.com/news/us-crypto-etfs-smash-new-record-amid-4-week-inflow-streak" rel="noopener noreferrer nofollow">exchange-traded products (ETPs)</a> 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 <a href="https://x.com/jbutterfill/status/1976209760384057833" rel="noopener noreferrer nofollow" target="_blank">reported</a> the figures in an X post on Thursday.
According to the latest update by Butterfill, crypto ETPs recorded $48.557 billion in inflows in 2024.
The new milestone builds on <a href="https://cointelegraph.com/news/crypto-funds-record-5-95-billion-inflows-amid-shutdown-concerns" rel="noopener noreferrer nofollow">record-breaking weekly inflows of $5.95 billion</a> posted last week, with Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) leading the gains with a record $3.6 billion.
<h2 id="bitcoin-funds-yet-to-reach-last-year-s-records">Bitcoin funds yet to reach last year’s records</h2>
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 $41.7 billion, accounting for about 86% of total annual inflows.
<figure>
 <img alt="Cryptocurrencies, Investments, CoinShares, Ethereum ETF, Bitcoin ETF, ETF" src="https://s3.cointelegraph.com/uploads/2025-10/0199c8af-4d24-7de9-9d2b-c80ba614d62f" title="">
 <figcaption style="text-align: center;">
 Crypto ETP flows by asset YTD versus 2024 inflows. Source: James Butterfill
 </figcaption>
</figure>
Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) funds, meanwhile, have massively outpaced last year’s performance, <a href="https://cointelegraph.com/news/crypto-funds-4-4b-inflows-ether-etp-surpass-2024-gains" rel="noopener noreferrer nofollow">surpassing last year’s totals of $4.9 billion</a> 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.
<h2 id="solana-and-xrp-among-leading-altcoins-in-etps">Solana and XRP among leading altcoins in ETPs</h2>
Apart from Ether, Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow">SOL</a>) and XRP (<a href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow">XRP</a>) have emerged as major <a href="https://cointelegraph.com/learn/articles/what-is-an-altcoin-a-beginners-guide-to-cryptocurrencies-beyond-bitcoin" rel="noopener noreferrer nofollow" target="_self">altcoins</a> 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.
<figure>
 <img alt="Cryptocurrencies, Investments, CoinShares, Ethereum ETF, Bitcoin ETF, ETF" src="https://s3.cointelegraph.com/uploads/2025-10/0199c8b4-4ed6-7491-881e-774d394d72e2" title="">
 <figcaption style="text-align: center;">
 Source: James Butterfill
 </figcaption>
</figure>
 Butterfill’s latest data on crypto ETP inflows totaling $48.557 billion in 2024 conflict with the <a href="https://cointelegraph.com/news/crypto-etp-2025-start-585-million-inflows-coinshares" rel="noopener noreferrer nofollow" target="_self">$44 billion reported in early January</a>.
Cointelegraph approached CoinShares for comment regarding data discrepancies, but did not receive a response at the time of publication.
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 expected to deliver decisions on multiple altcoin ETFs.
Related: <a href="https://cointelegraph.com/news/grayscale-stakes-150m-eth-staking-etp-deadlines" rel="noopener noreferrer nofollow" target="_self">Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach</a>
In late September, NovaDius Wealth Management president <a href="https://cointelegraph.com/news/crypto-etps-812-million-outflows-solana-shines-gains" rel="noopener noreferrer nofollow" target="_self">Nate Geraci predicted</a> that the first two weeks of October could be “enormous” for US spot crypto ETFs.
Although the SEC has been <a href="https://cointelegraph.com/news/us-government-shutdown-impact-sec-crypto" rel="noopener noreferrer nofollow" target="_self">curtailing operations since Oct. 1</a> due to the US government shutdown, some major issuers have managed to launch new products. On Monday, Grayscale Investments <a href="https://cointelegraph.com/news/grayscale-launches-staking-first-us-crypto-etps" rel="noopener noreferrer nofollow" target="_self">debuted the first US-listed spot crypto ETPs</a> with staking capabilities.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-price-prediction-altcoin-season-doubts-bitget-hodlers-digest/" rel="noopener noreferrer nofollow" target="_self">Bitcoin may move ‘very quick’ to $150K, altseason doubts: Hodler’s Digest, Sept. 28 – Oct. 4</a>

Crypto ETPs smash 2024 total with $48.7B pouring in this year: CoinShares

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