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 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.
According to the latest update by Butterfill, crypto ETPs recorded $48.557 billion in inflows in 2024.
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 $41.7 billion, accounting for about 86% of total annual inflows.
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.
Butterfill’s latest data on crypto ETP inflows totaling $48.557 billion in 2024 conflict with the $44 billion reported in early January.
“There were a few ETPs that we didn’t have in the system at the beginning of the year,” the analyst told Cointelegraph on Thursday.
He also cited Bloomberg trade updates that have pushed the total inflow figure higher. “The $48.55 billion figure is the most accurate,” Butterfill said.
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: 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 curtailing 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