Spot cryptocurrency funds attracted a record $ 31.7 billion in investments in 2025

In 2025, U.S. spot crypto funds (ETFs) attracted a total of $ 31.77 billion in investments, despite the market downturn at the end of the year. Bitcoin funds accounted for the largest share, with $ 21.4 billion, although this is down from $ 35.2 billion in 2024. Spot over-the-counter ETFs, launched only in mid-2024, showed a fourfold increase and raised $ 9.6 billion during the first full year of trading.

The absolute leader was BlackRock’s iShares Bitcoin Trust (IBIT), which generated $ 24.7 billion in inflows, five times more than its closest competitor, Fidelity’s FBTC fund. The IBIT fund ranked sixth among all U.S. ETFs in terms of net inflows, behind only broad index funds and a Treasury bond fund.

At the same time, nine other bitcoin ETFs combined recorded $ 3.1 billion in outflows, and Grayscale Bitcoin Trust lost about $ 3.9 billion. The Ethereum ETF space is dominated by BlackRock’s ETHA fund with nearly $ 12.6 billion in inflows, ahead of Fidelity ($ 2.6 billion) and Grayscale ($ 1.5 billion).

2025 also saw the launch of new ETFs on Solana, XRP, and Litecoin. Analysts expect that in 2026, the SEC will simplify the approval procedure, which will lead to the emergence of more than 100 new cryptocurrency ETFs. However, many of them may be liquidated by 2027 due to lack of demand.

Despite the slowdown in inflows at the end of the year, analysts, including Bloomberg, believe that in a favorable market environment, IBIT and similar funds will be able to raise even more capital, strengthening the position of institutional investors in the crypto sector.