Crypto ETFs and ETPs listed globally experienced significant net inflows of $2.23 billion in May, bringing the year-to-date net inflows to a “record-breaking” $44.50 billion, according to ETF research firm ETFGI.
According to a report by ETFGI, this marked a stark contrast to the $135.57 million in net outflows recorded at the same point last year.
Despite the high inflows, the total assets in crypto ETFs and ETPs at the end of May were $82.27 billion, slightly lower than the $84.69 billion record set in March 2024.
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Deborah Fuhr, managing partner, founder and owner of ETFGI, said: “The S&P 500 index increased by 4.96% in May and is up by 11.30% year-to-date in 2024. The developed markets excluding the US index increased by 3.62% in May and are up 6.09% year-to-date in 2024. Norway and Portugal saw the largest increases among the developed markets in May. The emerging markets index increased by 1.17% during May and is up 4.97% year-to-date in 2024. Egypt and the Czech Republic saw the largest increases among emerging markets in May.”
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Globally, the crypto ETFs and ETPs industry encompasses 208 products with 551 listings, managed by 47 providers across 20 exchanges in 16 countries. The net inflows of $2.23 billion and market movements in May led to a 16.7% increase in assets, rising from $70.47 billion at the end of April 2024 to $82.27 billion at the end of May 2024.
The top 20 ETFs/ETPs by net new assets were significant contributors, collectively attracting $3.11 billion during May. The iShares Bitcoin Trust was the largest individual gainer, securing $1.17 billion in net inflows.
