Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada’s history.
The US emerged as the biggest investor in spot Bitcoin exchange-traded funds (ETFs) in 2024, while Canada — the first country to launch a spot Bitcoin ETF — was among the major losers.
US spot Bitcoin (BTC) ETFs accounted for 100% of $44.2 billion crypto exchange-traded product (ETP) inflows in 2024, making the US the world’s largest holder of Bitcoin ETFs in terms of assets under management (AUM).
Switzerland, the second largest buyer of crypto ETPs in 2024, only saw $630 million in inflows — a whopping 98% gap compared to the US.
