US Crypto ETFs Attract $32 Billion Amid Market Slowdown

In 2025, US investors allocated approximately $32 billion to crypto exchange-traded funds (ETFs), with spot Bitcoin ETFs attracting the largest inflows of $21.4 billion, a decrease from $35 billion in 2024.

BlackRock's Dominance

  • BlackRock’s iShares Bitcoin Trust ETF (IBIT) led with $24.7 billion in inflows, five times more than Fidelity’s FBTC.
  • Excluding IBIT, spot Bitcoin ETFs experienced around $3 billion in outflows.
  • Grayscale’s Bitcoin product saw a loss of nearly $4 billion.

Ethereum ETF Trends

  • iShares Ethereum Trust (ETHA) attracted $12.6 billion, with Fidelity’s FETH at $2.6 billion and Grayscale’s Ethereum Mini Trust at $1.5 billion.
  • Spot Ether ETFs raised $9.6 billion since their July 2024 launch.

Emerging Altcoin ETFs

  • Newly launched Solana ETFs collected $765 million.
  • Litecoin and XRP ETFs were introduced later in the year, reflecting early interest but not yet substantial asset flows.

Global Crypto ETF Dynamics

  • Globally, crypto ETFs faced net outflows of $2.95 billion in November 2025, with $179 billion invested worldwide.
  • Faster regulatory approvals under new SEC leadership facilitated US institutional adoption.