Crypto ETP Inflows Show Resilience in First Half of 2025
Cryptocurrency exchange-traded products (ETPs) attracted $17.8 billion in inflows during the first half of 2025, according to data from CoinShares. While this represents a modest 2.7% decline from the previous year’s $18.3 billion, the figures demonstrate sustained institutional interest in crypto investment vehicles.
Market Leaders: Bitcoin and Ethereum ETPs
Bitcoin ETPs accounted for 84% of total inflows, maintaining their dominant position in the market. Ethereum ETPs followed with 16.3% of inflows, reinforcing these two cryptocurrencies as the preferred options for institutional investors.
BlackRock’s Dominance in ETP Issuance
BlackRock emerged as the clear leader among ETP issuers, capturing 96% of total inflows. This overwhelming market share reflects the asset manager’s strong reputation and distribution capabilities in the financial sector.
Market Trends and Outlook
The report coincides with a period of relative stability in crypto markets, with 11 consecutive weeks of inflows. This consistent demand suggests growing confidence among institutional investors despite short-term price fluctuations.
- Key Market Data:
- Total crypto ETP inflows: $17.8 billion (H1 2025)
- Bitcoin ETP share: 84% of total inflows
- Ethereum ETP share: 16.3% of total inflows
- BlackRock‘s market share: 96% of total inflows
