Global cryptocurrency investment products attracted $47.2 billion in inflows in 2025, falling just 3% short of 2024’s record $48.7 billion, as strong demand for altcoin-linked products offset a sharp slowdown in bitcoin fund inflows.According to data from CoinShares, the year’s inflows were driven largely by exchange-traded product (ETP) growth tied to Ether, XRP and Solana, while Bitcoin products saw materially weaker demand.Bitcoin inflows drop 35% year-on-yearBitcoin ETPs recorded inflows of around $27 billion in 2025, down 35% from $41.7 billion in 2024, marking a clear deceleration after last year’s explosive growth following the launch of U.S. spot bitcoin ETFs.Despite the slowdown, total global crypto ETP assets under management (AUM) continued to rise, reaching approximately $180 billion by late 2025, up from about $160 billion a year earlier.Ether, XRP and Solana drive altcoin resurgenceAltcoins accounted for the bulk of incremental growth in 2025.Ether-linked investment products posted the strongest absolute inflows, totaling $12.7 billion, a 138% increase from roughly $5.3 billion in 2024, according to James Butterfill.Solana funds delivered the fastest growth rate, surging nearly 1,000%, from $310 million in 2024 to $3.6 billion in 2025. XRP ETPs also saw a sharp expansion, with inflows jumping 500%, from $608 million to $3.6 billion.“The remaining altcoins saw a decline in sentiment, with inflows down 30% year-on-year,” Butterfill noted, highlighting a concentration of demand in a small number of large-cap tokens.U.S. dominates crypto fund inflowsThe United States remained the dominant market for crypto investment products, accounting for $47.2 billion in inflows in 2025, despite a 12% decline from the prior year.By the end of 2025, U.S.-listed crypto funds held $152.6 billion in AUM, representing 84% of global crypto ETP assets, underscoring the continued influence of U.S. ETF products on global crypto capital flows.Europe shows pockets of recoveryOutside the U.S., Germany recorded the strongest rebound, with inflows rising from just $43 million in 2024 to $2.5 billion in 2025.Canada also posted a recovery, with inflows increasing from $600 million to $1.1 billion over the same period.2026 opens with renewed inflowsCrypto ETPs began 2026 on a stronger footing, with $671 million in inflows recorded last Friday, bringing weekly inflows to $582 million, Butterfill said.The rebound followed two consecutive weeks of selling pressure at the end of December, which saw outflows of $446 million and $952 million, respectively.The early-year recovery suggests institutional flows remain responsive to shifts in sentiment, even as capital becomes increasingly selective across crypto assets.
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