Digital Asset Inflows Hit Record $10.8B in 2024 as Bitcoin Breaks $111K

Investor interest in digital assets continues to surge in 2024, with year-to-date inflows hitting an all-time high of $10.8 billion, according to CoinShares’ latest report. The milestone comes as Bitcoin reached a new peak of $111,814 last week, reinforcing momentum across the crypto market.

Digital asset investment products saw $3.3 billion in inflows just last week alone—the sixth straight week of positive gains—underscoring renewed confidence in crypto amid economic concerns. The previous week’s total inflows stood at $6.7 billion, highlighting the sharp growth in investor appetite.

Total assets under management (AUM) for crypto investment funds also touched a historic high, briefly hitting $187.5 billion. This level of activity signals a robust recovery and increasing mainstream acceptance of digital assets as part of diversified portfolios.

James Butterfill, head of research at CoinShares, attributed the growing inflows to macroeconomic uncertainty.

“We believe that growing concerns over the U.S. economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets,” Butterfill explained.

The majority of last week’s inflows—around $3.2 billion—came from U.S.-based investors, reflecting domestic unease over traditional markets. In comparison, inflows from other regions were more modest: Germany saw $41.5 million, Hong Kong $33.3 million, and Australia $10.9 million.

Some regions, however, moved in the opposite direction. Swiss investors took advantage of recent price highs to lock in profits, resulting in $16.6 million in outflows. Sweden and Brazil also recorded net outflows of $12.1 million and $1.9 million, respectively.

Bitcoin remained the focal point for investors, drawing $2.9 billion in inflows—roughly 25% of the total for 2024 so far. At the same time, the sharp rally in Bitcoin’s price encouraged speculative positioning, with short-Bitcoin products seeing $12.7 million in weekly inflows, the highest since December 2024.

Ethereum also showed strong performance, racking up $326 million in inflows, marking its fifth consecutive week of gains and its highest inflow figure in over three months.

On the flip side, XRP saw a major reversal. After maintaining an 80-week streak of inflows, the token experienced $37.2 million in outflows—its largest ever weekly loss.