TL;DR
- Crypto fund inflows (ETPs) hit a record $48.7 billion year-to-date (YTD), surpassing the 2024 total.
- Bitcoin (BTC) dominates inflows with $30 billion, but its market share dropped from 86% to 62%.
- Ethereum (ETH) saw massive growth, tripling 2024 inflows with $14.1 billion, while Solana and XRP lead the altcoins.
Bitcoin is no longer dominating the market. CoinShares reveals that the investment trend has shifted, with Ether and altcoins gaining ground against the pioneer cryptocurrency. According to the most recent CoinShares report, cryptocurrency investment vehicles have achieved a historic and unprecedented financial milestone.
Cumulative capital inflows (inflows) into global crypto Exchange-Traded Products (ETPs) have surpassed the total recorded for the entire year of 2024. As of today, these products have attracted an incredible $48.7 billion (USD $48.7B), exceeding the $44.2 billion captured in 2023.
Undoubtedly, this flood of capital solidifies the institutional adoption of cryptocurrencies, driven largely by the historic launch of spot Bitcoin ETFs in the world’s most powerful nation.
Shift in Market Dominance
It is true that Bitcoin (BTC) remains the undisputed leader in terms of absolute volume, attracting around $30 billion, but its market share has shown a notable decrease. BTC funds currently represent 62% of total inflows year-to-date, a significant drop when compared to the 86% dominance it showed in 2024.
Ethereum has been the biggest winner in this shift. Ether-based funds have experienced exponential growth, attracting $14.1 billion. This figure more than triples the total captured last year ($4.9 billion) and has raised ETH’s market share to 29%, demonstrating growing investor confidence in the ecosystem’s leading altcoin.
However, diversification is not solely focused on Ethereum. CoinShares‘ analysis indicates that capital inflows into other altcoins are concentrating on a few key names. For example, Solana (SOL) and XRP (XRP) are emerging as the leaders in this segment.
Solana has accumulated inflows of $2.7 billion, while XRP has registered $1.9 billion. Therefore, the focused interest in SOL and XRP, coupled with the explosive growth of ETH, suggests that institutional investors are actively seeking alpha opportunities beyond Bitcoin.
