According to data from Farside Investors, U.S. investors poured nearly $32 billion into U.S. crypto exchange-traded funds in 2025, even as markets lost momentum late in the year.
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Spot Bitcoin ETFs grabbed attention largest sharewith net inflows of $21.4 billion. That’s smaller than the $35 billion poured into Bitcoin ETFs in 2024.
Blackrock dominates flows
BlackRock’s iShares Bitcoin Trust ETF, IBIT, accounted for most of the activity. Reports indicate that IBIT raked in approximately $24.7 billion. That makes its inflow about five times greater than that of its nearest competitor, Fidelity’s FBTC.
Market watchers noted that IBIT is near the top of all ETF flows, with only a few broad index funds and a large government bond fund.
If IBIT’s number is removed, the broader Bitcoin ETF group actually ended the year with combined outflows of about $3 billion.
Grayscale’s Bitcoin product lost almost $4 billion this year. Bitcoin’s price was lower than at the beginning of 2025; it started the year around $93,500.
Ethereum interest strong but cooling
Based on reports, interest in Ethereum ETFs has been real, but momentum appears uneven. BlackRock’s iShares Ethereum Trust, ETHA, has inflows of nearly $12.6 billion. Fidelity’s FETH follows with $2.6 billion, while Grayscale’s Ethereum Mini Trust ETF holds about $1.5 billion.
Still, public on-chain data showed little renewed demand for spot Bitcoin and Ether ETFs in the last month of the year, suggesting flows could slow in 2026.
Ether ETFs benefited from being new and offering investors a regulated way to own ETH, but buying has quieted down in recent days.
Spot Ether ETFs, which only became widely traded after launching in July 2024, raised $9.6 billion in their first full year. Spot Solana ETFs, which launched in late October, added $765 million through the end of the year.
Altcoin ETFs show curiosity, not madness
Litecoin and XRP ETFs also began trading in the second half of the year, giving investors more choices for regulated altcoin exposure.
The amounts are small compared to Bitcoin and Ether. Solana’s $765 million is an example of early interest that has not yet translated into a large, steady flow of assets. These products are tested by the market.
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Global flows tell a different story
Industry trackers reported that globally listed crypto ETFs suffered $2.95 billion in net outflows in November, and by the end of that month, approximately $179 billion had been invested in crypto ETFs worldwide.
Regulators and exchanges moved faster this year under the SEC’s new leadership, which was more open to approvals, which in turn helped institutional adoption in the US.
Featured image from Unsplash, chart from TradingView