2024 was the worst year for Canadians Bitcoin -funds, as they recorded a record outflow of $707 million.
Interestingly, the first crypto- ETF appeared in Canada in 2021, and then the inflow of funds into them exceeded $4,2 billion. However, already the following year, almost $151 million was withdrawn from them.
Outflow of funds from Canada Bitcoin -funds in 2024
As expected, US Bitcoin-based funds turned out to be the leaders in 2024. They accounted for almost 100% of the total inflow into BTC-ETPs, which amounted to $2024 billion in 44,2.
Second place goes to Swiss ETFs based on the leading cryptocurrency. Last year, investors poured almost $630 million into them, which is 98% less than in the US ETF .
The United States is the birthplace of exchange-traded funds and now accounts for more than 70% of the world's assets under management by exchange-traded funds.
The US is by far the largest market. ETF . World market ETF is about $15 trillion, and America accounts for $10,5 trillion. It is only natural that we have become the leader, - said Bitwise Chief Investment Officer Matt Hougan.
Outflow of funds from Canada bitcoin ETF Experts attribute this to the launch of American funds, in which local investors now prefer to invest.
