Global cryptocurrency exchange-traded products have attracted $48.67 billion in inflows so far this year, exceeding the full-year 2024 total of $48.557 billion, according to CoinShares head of research James Butterfill. The milestone builds on record-breaking weekly inflows of $5.95 billion posted last week, with Bitcoin leading gains at a record $3.6 billion.
Bitcoin-based ETPs continued to dominate the crypto fund surge in 2025, drawing approximately $30 billion and accounting for 62 % of year-to-date inflows. However, Bitcoin's dominance has noticeably declined compared to 2024, when Bitcoin fund inflows reached $41.7 billion and represented approximately 86 % of total annual inflows. The shift reflects growing investor interest in alternative cryptocurrencies and diversified digital asset exposure.
Ethereum funds have massively outpaced last year's performance, surpassing 2024's total of $4.9 billion in July and nearly tripling since to reach $14.1 billion, according to the latest CoinShares update. The surge in Ethereum funds significantly boosted their market share, with dominance rising from 11 % in 2024 to 29 % as of the latest report. This represents a fundamental shift in how institutional investors allocate capital across digital assets.
Butterfill noted that inflows into altcoins appear confined to Solana and XRP at present, referring to their year-to-date inflows of $2.7 billion and $1.9 billion, respectively. These two cryptocurrencies have emerged as major altcoins in crypto funds during 2025, demonstrating sustained institutional interest beyond Bitcoin and Ethereum. The concentration suggests investors remain selective about which alternative digital assets merit allocation.
The community anticipates significant developments in the crypto ETP industry over the coming weeks, with the U.S. Securities and Exchange Commission expected to deliver decisions on multiple altcoin ETFs. NovaDius Wealth Management president Nate Geraci predicted in late September that the first two weeks of October could prove enormous for U.S. spot crypto ETFs. These pending decisions could further accelerate institutional adoption and inflows.
The SEC has curtailed operations since Oct. 1 due to the U.S. government shutdown, but major issuers have managed to launch new products despite the constraints. Grayscale Investments debuted the first U.S.-listed spot crypto ETPs with staking capabilities on Monday, expanding the functionality available to institutional investors. This innovation could attract additional capital from investors seeking yield generation alongside digital asset exposure.
Butterfill's latest data showing $48.557 billion in 2024 inflows conflicts with the $44 billion figure reported in early January, though CoinShares did not respond to requests for comment regarding the discrepancy. The revised figures suggest 2024 performance was stronger than initially reported, making 2025's achievement of surpassing the previous year's total even more significant for the ETP industry.
The milestone demonstrates sustained institutional appetite for cryptocurrency exposure through regulated investment vehicles. As traditional finance continues integrating digital assets into portfolio strategies, exchange-traded products provide familiar structures for accessing this emerging asset class. The growth trajectory suggests cryptocurrency ETPs have moved beyond experimental allocations toward becoming established components of diversified investment portfolios.