US Crypto ETFs Attract $32 Billion Despite Market Slowdown

By: Eliza Bennet

The United States crypto exchange-traded funds (ETFs) market has witnessed a substantial influx of funds in 2025, with investors channeling nearly $32 billion into these financial instruments despite a general market slowdown towards the end of the year. BlackRock has emerged as a dominant player, achieving remarkable success with its Bitcoin and Ether ETFs, which accounted for the majority of net inflows during this period.

According to data from Farside Investors, US spot Bitcoin ETFs alone amassed $21.4 billion in net inflows in 2025. This figure, while impressive, represents a slight decline from the $35 billion seen in 2024. BlackRock's iShares Bitcoin Trust ETF, known as IBIT, captured significant attention, attracting about $24.7 billion, outpacing its closest competitor, Fidelity's FBTC, by a wide margin. Despite these gains, the broader Bitcoin ETF sector faced challenges, concluding the year with approximately $3 billion in combined outflows when excluding IBIT's performance.

In addition to Bitcoin-focused ETFs, there was notable interest in Ethereum-related funds. BlackRock's iShares Ethereum Trust, ETHA, secured approximately $12.6 billion in inflows, far ahead of Fidelity's FETH and Grayscale’s Ethereum Mini Trust ETF. However, the enthusiasm for Ethereum ETFs appears to have waned towards year-end, with on-chain data suggesting diminished demand. Ether ETFs, despite their newness to the market and appeal as a regulated way to own ETH, experienced quieter buying in the closing months of 2025.

Elsewhere in the cryptocurrency ETF landscape, altcoin offerings like Solana, Litecoin, and XRP ETFs have begun catching the eye of investors, albeit in much smaller volumes compared to Bitcoin and Ethereum. Solana ETFs, for instance, witnessed inflows of $765 million since their late-October launch. Importantly, the global picture diverges slightly from the US, with worldwide crypto ETFs seeing net outflows of $2.95 billion in November, underscoring varying investor sentiment across different regions. The overall growth of regulated crypto ETFs has been bolstered by a more receptive regulatory environment in the US, fostering greater institutional adoption.