Crypto ETF Month — December 2024: net +$6.7B
December 2024 saw spot crypto ETFs net flows reach +$6.7B, with Bitcoin and Ethereum driving significant capital movement. Institutional players like BlackRock led the way in inflows.
TL;DR
- Net flow: +$6.7B
- Total inflows: +$8.3B
- Total outflows: -$1.6B
- Strongest day: Dec 5 (+$1.2B) · Weakest day: Dec 19 (-$732.4M)
Monthly Overview
In December 2024, net flows into spot crypto ETFs totaled +$6.7B, driven primarily by Bitcoin (BTC) and Ethereum (ETH). Both assets recorded significant inflows and outflows, indicating a concentrated movement of capital within the market.
Flows by Asset
BTC
Net: +$4.6B / Inflow: +$5.9B / Outflow: -$1.3B
| Fund | Flow |
|---|---|
| BlackRock | +$5.5B |
| Grayscale | -$976.1M |
| Fidelity | +$267.4M |
| 21Shares | -$202.8M |
| Grayscale BTC | +$110.5M |
| Invesco | -$102.6M |
| Bitwise | -$64.3M |
| WisdomTree | +$11.6M |
| Franklin | +$11.2M |
| VanEck | +$3.6M |
| Valkyrie | -$2.4M |
ETH
Net: +$2.1B / Inflow: +$2.4B / Outflow: -$292.8M
| Fund | Flow |
|---|---|
| BlackRock | +$1.4B |
| Fidelity | +$752.3M |
| Grayscale | -$273.8M |
| Grayscale ETH | +$180.9M |
| VanEck | +$12.0M |
| Bitwise | +$9.7M |
| Invesco | -$9.6M |
| 21Shares | -$9.4M |
| Franklin | +$0.5M |
Weekly Breakdown
| Week | Net flow |
|---|---|
| Dec 2 – Dec 6 | +$3.6B |
| Dec 9 – Dec 13 | +$3.0B |
| Dec 16 – Dec 20 | +$519.9M |
| Dec 23 – Dec 27 | -$28.3M |
| Dec 30 – Dec 31 | -$429.3M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$5.5B
- BlackRock (ETH): +$1.4B
- Fidelity (ETH): +$752.3M
- Fidelity (BTC): +$267.4M
- Grayscale ETH (ETH): +$180.9M
Largest outflows
- Grayscale (BTC): -$976.1M
- Grayscale (ETH): -$273.8M
- 21Shares (BTC): -$202.8M
- Invesco (BTC): -$102.6M
- Bitwise (BTC): -$64.3M
Market Interpretation
Bitcoin attracted the majority of new capital, with a net inflow of +$4.6B, largely from BlackRock's substantial contribution of +$5.5B. Ethereum also saw positive net flows of +$2.1B, supported by inflows from both BlackRock and Fidelity. However, significant outflows from Grayscale suggest a rotation of capital, especially on days like December 19, which recorded the worst daily net flow of -$732.4M.
Conclusion
The month concluded with a robust net figure of +$6.7B, reflecting a strong interest in these assets. Continued institutional support, particularly from major funds, indicates a positive outlook for future flows.