Crypto ETFs and ETPs Attract $2.2 Billion in Inflows in May

Crypto ETFs and ETPs Attract $2.2 Billion in Inflows in May

Crypto ETFs and ETPs attract $2.2 Billion in inflows in May. According to ETFGI, an independent research firm, crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) listed globally experienced significant inflows of $2.2 billion during May.

Crypto ETFs and ETPs

This marks a stark increase compared to the same period last year, where inflows totaled only $135.57 million, as highlighted in ETFGI’s May 2024 ETF and ETP Crypto Industry Landscape Insights Report.

This brings the year-to-date net inflows to an impressive $44.50 billion. The $2.2 billion inflows in May represent a 16.7% increase from $70.47 billion at the end of April 2024 to $82.27 billion at the end of May 2024, according to ETFGI.

SEC Approval of Spot Bitcoin ETFs Spurs Market Activity

On January 11, the U.S. Securities and Exchange Commission approved eleven spot Bitcoin ETF applications from major firms including BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck.

This approval ignited a trading frenzy and triggered a bull market. In February, global crypto ETFs and ETPs saw net inflows of $9.20 billion, indicating initial enthusiasm for these products. The iShares Bitcoin Trust, trading under the ticker “IBIT,” gathered $1.17 billion in May, marking the largest individual net inflow.

According to ETFGI, substantial inflows were attributed to 20 ETFs/ETPs, which together accumulated $3.11 billion during May. Fidelity and Ark Investments/21Shares products also saw significant inflows.

Increasing Number of Crypto ETFs, ETPs, and ETNs

In May, the number of crypto ETFs and ETPs listed globally continued to rise. The sector now boasts 208 products with 551 listings, and assets totaling $82.27 billion, from 47 providers listed on 20 exchanges in 16 countries.

The UK also saw several Bitcoin and Ethereum exchange-traded notes (ETNs) listed on the London Stock Exchange (LSE). However, these products have struggled to attract inflows due to a lack of institutional demand, according to crypto ETP providers.

Understanding ETNs vs. ETFs/ETPs

ETNs and ETFs/ETPs are popular investment vehicles that trade on stock exchanges but differ fundamentally in structure, risk, and tax treatment. ETNs are unsecured debt obligations issued by financial institutions, essentially making investors lenders to the issuer, who promises returns based on the performance of an underlying index or asset, minus fees.


To conclude, the inflows into crypto ETFs and ETPs in May highlight a growing investor interest in these products, driven by regulatory approvals and increasing market participation. As the sector continues to expand with more listings and new product launches, it remains to be seen how these investment vehicles will shape the future of crypto investments.

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