Bitcoin ETFs Capture Significant Inflows in 2025

In 2025, U.S. spot Bitcoin exchange-traded funds (ETFs) attracted approximately 67% of the nearly $32 billion in total inflows across all crypto ETFs. The majority of these funds were funneled into BlackRock’s IBIT, demonstrating a strong demand for Bitcoin investment options. Despite some setbacks, overall performance remained robust, with Bitcoin and Ether ETFs showing positive signs throughout most of the year.

Key Takeaways

Spot Bitcoin ETFs garnered 67% of $31.77 billion in total crypto ETF inflows in 2025.
BlackRock’s IBIT led with $24.7 billion in inflows.
Grayscale’s GBTC faced $3.9 billion in outflows, impacting overall Bitcoin ETF gains.
Ether ETFs experienced a 400% increase in inflows compared to 2024.
The overall market sentiment weakened towards the end of the year, affecting demand for crypto ETFs.

In 2025, U.S. spot Bitcoin exchange-traded funds (ETFs) made a significant impact by capturing nearly 67% of more than $31.77 billion in total inflows across the cryptocurrency ETF market. A considerable portion of these investments went into BlackRock’s flagship Bitcoin fund, IBIT.

According to data from Farside Investors, the 11 active spot Bitcoin ETFs collectively brought in $21.4 billion in net inflows for the year. Notably, BlackRock’s IBIT accounted for the majority of this amount, attracting $24.7 billion.

While other Bitcoin ETFs experienced slight increases in net inflows, Grayscale’s GBTC fund reported a loss of $3.9 billion, contributing to a total outflow of $3.1 billion for the year.

Since its launch, IBIT has achieved an impressive total flow of $62 billion, surpassing Fidelity’s FBTC, which is its closest rival, by more than five times.

The fourth quarter of 2025 was the only period that experienced negative performance, reporting net outflows of $1.15 billion. In comparison, the second and third quarters were much more favorable, bringing in $12.8 billion and $8.8 billion, respectively.

Despite leading the market in inflows, BTC ETFs did not reach the previous year's record of $35.2 billion in net inflows.

When examining Ethereum ETFs, the nine active Ether funds gathered $9.6 billion in net inflows in 2025, which is a fourfold increase compared to 2024. It's important to highlight that 2025 marked the first full year of trading for these ETFs, following their mid-2024 launch.

Spot Solana ETFs, which are still relatively new to the market, achieved around $765 million in net inflows after their launch at the end of October last year.

Although Bitcoin and Ether ETFs enjoyed strong performances for most of the year, data from Glassnode suggests a cautious sentiment moving forward. Particularly, there has been a significant decline in demand for spot Bitcoin and Ether ETFs as December approached, indicating a possible slow start as these crypto ETFs transition into 2026.

This cautious outlook appears increasingly plausible, especially with the sharp decline in Bitcoin and the broader cryptocurrency market since mid-October. The downturn can be attributed to a combination of macroeconomic challenges and geopolitical tensions, which have adversely affected investor confidence, prolonging these challenges into the year’s end.

At the start of 2026, Bitcoin was priced at $87,719, reflecting a decline of almost 30.5% from its all-time high reached in October 2025.

The leading cryptocurrency has depicted several bearish patterns on its daily charts, suggesting a potential continuation of its downtrend in the upcoming months. These patterns include a "death cross," where the 50-day simple moving average (SMA) crosses below the 200-day SMA, and a bearish flag.

Additionally, analysts have noted the formation of a symmetrical triangle pattern on the daily chart, defined by two converging trendlines.

Bitcoin price has formed a symmetrical triangle pattern on the daily chart.

Typically, breaking down from the lower trendline of a symmetrical triangle could result in further declines in price. At present, Bitcoin seems close to confirming a bearish breakout from this pattern.

Traders are closely monitoring the critical psychological support level at $86,000. A fall below this point could prompt a further decrease to the November low of $82,175.

Spot Bitcoin ETFs accounted for 67% of nearly $32 billion inflows in crypto ETFs in 2025.