In the first three days of 2025, global crypto exchange-traded products (ETPs) recorded $585 million in inflows, according to CoinShares. This initial surge did not compensate for the significant selling that took place towards the end of 2024, resulting in $75 million in net outflows during the last two trading days of that year. Despite this setback, 2024 was a record year for crypto ETFs, which saw total inflows of $44.2 billion, largely due to the launch of US spot Bitcoin ETFs. Bitcoin ETPs dominated inflows, raking in $38 billion, while Ether-based ETPs attracted $4.8 billion. Canada emerged as the largest seller of crypto ETPs in 2024, experiencing outflows of $707 million, contrasting with the US's $44.5 billion in inflows.

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