Bitcoin (BTC) and Ethereum ETFs to Continue Net Inflows Through 2025
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According to data compiled by market data firm Farside Investors, approximately $31.77 billion flowed into U.S. cryptocurrency ETFs in 2025. Bitcoin (BTC) spot ETFs accounted for the largest portion of this inflow, with annual net inflows reaching approximately $21.4 billion (KRW 30.8995 trillion).
However, this figure represents a decrease from the net inflow of approximately $35.2 billion recorded in 2024. Nevertheless, the fact that institutional funds did not leave the market even during the year-end price correction suggests a structural change in the market.
BlackRock Dominates the Cryptocurrency ETF Market
Asset management firm BlackRock further widened its lead over its competitors in the US cryptocurrency ETF market in 2025. BlackRock's iShares Bitcoin Trust ETF (IBIT) recorded cumulative net inflows of approximately $24.7 billion (KRW 35.66433 trillion) as of the end of last year.
This figure is roughly five times greater than the inflows of its main competitor, the Fidelity Wise Origins Bitcoin Fund (FBTC). Bloomberg ETF analyst Eric Balchunas noted in mid-December that IBIT ranked sixth among all ETFs in terms of net inflows.
Balchunas said in an interview at the time:
"If a $25 billion inflow is possible even in a correction phase, an even larger inflow could occur in an upward phase," he said.
Excluding IBIT, the nine remaining Bitcoin spot ETFs experienced net outflows of approximately $3.1 billion for the year. The Grayscale Bitcoin Trust ETF, in particular, recorded net outflows of approximately $3.9 billion.
Ethereum and altcoin ETFs are also spreading.
Ethereum ETFs are also entering a phase of full-scale market stabilization in 2025. BlackRock's iShares Ethereum Trust ETF (ETHA) maintains its leading market share with a cumulative net inflow of approximately $12.6 billion (KRW 31.19472 trillion) despite no additional inflows over the past twelve trading days.
The Fidelity Ethereum Fund (FETH) and the Grayscale Ethereum Mini Trust ETF followed with net inflows of approximately $2.6 billion and $1.5 billion, respectively.
In the second half of 2025, ETFs tracking Solana (SOL) and XRP will also launch in the US market, providing investors with access to major altcoins through regulated financial products.
ETFs are expected to surge in 2026, but a race to survive is inevitable.
The industry predicts a surge in cryptocurrency ETF launches in 2026. This is because the U.S. Securities and Exchange Commission (SEC) has begun applying general listing standards rather than individual review.
Cryptocurrency asset management firm Bitwise predicted that more than 100 cryptocurrency ETFs will be launched by 2026. Bloomberg analyst James Seyffart agreed with this prediction, but added:
"Due to lack of demand, a significant number of ETFs are likely to disappear from the market after 2027," he noted.
Seifat said in a December interview:
"A large-scale liquidation is inevitable in the cryptocurrency ETF market, and it will begin in earnest by the end of 2026 at the earliest or by the end of 2027 at the latest," he said.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
