Cryptocurrency funds, predominantly led by Bitcoin and Ethereum ETFs, have added $585 million worth of assets in the first three days of 2025 after ending the year with a big round of profit-taking and outflows.

The strong start comes off the back of a record-setting year for crypto-based exchange-traded products, according to a new report from digital asset manager CoinShares. All told, $44 billion worth of assets flowed into such funds—more than four times the previous record from 2021, wrote CoinShares Head of Research James Butterfill.

Bitcoin funds now account for 29% of the assets under management being tracked by the European firm.

On Friday alone, Bitcoin ETF issuers saw $908 million worth of shares sold, according to data from Farside Investors.

“Bitcoin's performance at the end of January will be a critical indicator,” wrote 10x Research CEO Markus Thielsen, in a note to investors. “Following the hawkish December FOMC meeting, Bitcoin ETF inflows have notably slowed, compounded by less favorable global liquidity conditions.”

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