US Crypto ETF Market Volume to Reach $32 Billion by 2025

How Much Capital Did US Crypto ETFs Attract in 2025?

In 2025, despite the challenges in the crypto market, US investors made significant investments in exchange-traded funds (ETFs). US crypto ETFs attracted a total of $31.77 billion in capital, showing a decline compared to the $35.2 billion in net inflows in 2024.

Spot Bitcoin ETFs Attracted Attention

Spot Bitcoin ETFs, which attracted significant interest from individual investors, recorded a net inflow of $21.4 billion in 2025. However, this figure falls short of the strong inflows in 2024. On the other hand, spot Ethereum ETFs drew attention by attracting $9.6 billion in capital, a fourfold increase compared to 2024. Since Ethereum ETFs were launched in July 2024, 2025 was the first full year they could be traded.

New Products Changing Market Dynamics

New spot Solana ETFs, launched in October of 2025, attracted $765 million in capital. The approval of such new crypto products was accelerated by the crypto-friendly administration at the US Securities and Exchange Commission (SEC).

BlackRock's Market Dominance

BlackRock continued to maintain its influence in the crypto ETF market in 2025. The iShares Bitcoin Trust ETF (IBIT) recorded $24.7 billion in inflows by the end of the year, which is five times more than its closest competitor, the Fidelity Wise Origin Bitcoin Fund (FBTC). Bloomberg ETF analyst Eric Balchunas pointed out that IBIT holds a significant position in net inflows among all ETFs.

Market Dynamics and Future Expectations

However, the other nine spot Bitcoin ETFs, aside from IBIT, experienced a total outflow of $3.1 billion throughout the year. Although BlackRock's iShares Ethereum Trust ETF (ETHA) did not record any inflows, it still maintains its leadership in the Ethereum ETF market. The Litecoin, Solana, and XRP ETFs launched in the second half of the year provided investors access to altcoins through regulated investment vehicles.

Finally, Glassnode data suggests that spot Bitcoin and Ethereum ETFs have not seen demand recently and that these products may face a challenging start at the beginning of 2026. However, the dynamic nature of crypto assets and evolving regulations will continue to offer new opportunities to investors.