Global crypto ETP inflows hit $47.2 billion in 2025, just shy of 2024 record: CoinShares

Global crypto investment products managed by asset managers such as BlackRock, Bitwise, and 21Shares saw inflows totaling $47.2 billion in 2025, finishing just 3% shy of the $48.7 billion record established in 2024, even as appetite for Bitcoin cooled substantially.

Bitcoin-based products saw a 35% year-over-year decline in inflows, adding $26.9 billion compared to $41.4 billion in 2024, CoinShares noted in a Monday report. The decline coincided with periods of price weakness and was accompanied by $105 million in inflows into short-bitcoin products, though those vehicles remain marginal with just $139 million in assets under management.

Notably, the deceleration into Bitcoin funds was met with significant expansion into a trio of altcoin-based products. Ethereum funds led with $12.7 billion in inflows — a 138% annual increase. They were followed by XRP funds with $3.7 billion and Solana products with $3.6 billion, representing 500% and 1000% growth, respectively. Conversely, the broader "other altcoins" category saw inflows fall by 30% to $318 million, highlighting the concentrated nature of the rotation, per CoinShares' data.

Regional shifts and a strong 2026 start

The U.S. maintained its dominant position with total inflows of $42.5 billion for the year, though this represented a 12% decrease from 2024. The most substantive growth emerged in Europe, as Germany pivoted from $43 million in net outflows in 2024 to drawing $2.5 billion last year. Canada mirrored this reversal, recording $1.1 billion in inflows compared to $603 million in outflows the prior year.

This geographic broadening provided a foundation for a robust start to the new year. According to CoinShares, the first weekly flow data for 2026 showed a strong Friday influx of $671 million, bringing the full week’s total to $582 million despite some mid-week outflows.

The price action for these assets has been largely congruent with the flow trends. Bitcoin has staged a modest recovery in recent sessions, currently trading around $93,000 according to The Block’s prices page. Ethereum has held above the $3,150 level, while XRP has broken past the key $2 mark to trade near $2.13. Solana is currently changing hands for around $135.