Crypto News: Crypto ETP Inflows Hit $17.8B in H1 2025, Down 2.7% From 2024 as Bitcoin Dominates

Key Takeaways:

Crypto ETPs saw $17.8B in inflows in H1 2025, down 2.7% from $18.3B in H1 2024.

Bitcoin products led with $14.9B in inflows, accounting for 84% of the total.

BlackRock captured 96% of all ETP inflows, solidifying its leadership in the space.

XRP ETPs ranked third, with $219M YTD inflows despite no U.S. spot ETF approval.

Crypto ETP Inflows Dip 2.7% in H1 2025 Despite Strong Bitcoin Demand, CoinShares Reports

Global crypto exchange-traded products (ETPs) attracted $17.8 billion in net inflows during the first half of 2025, slightly down 2.7% from the $18.3 billion recorded in H1 2024, according to a new report from digital asset manager CoinShares.

Despite the year-over-year decline, the first half of 2025 showed continued strength, marked by 11 consecutive weeks of inflows, including $2.7 billion added in the final week of June alone.

Bitcoin and BlackRock Lead ETP Market

Bitcoin (BTC) investment products dominated the landscape, contributing $14.9 billion, or 84% of total H1 2025 ETP inflows. BTC ETPs also brought in $2.2 billion last week, or 83% of weekly flows, cementing Bitcoin’s dominance as the preferred asset among institutional investors.

Meanwhile, Ether (ETH) ranked second, attracting $429 million last week and totaling $2.9 billion in H1 inflows, accounting for 16.3% of the total.

XRP came in third, pulling in $10.6 million last week and $219 million year-to-date, despite the lack of a U.S. spot XRP ETF. Canada launched its first spot XRP ETFs on June 18, further boosting exposure to the asset.

Issuer Breakdown: BlackRock Captures 96% of All H1 Inflows

BlackRock solidified its dominance as the top crypto ETP issuer, capturing over $17 billion, or 96% of total inflows in H1 2025. Other major players included:

ProShares: $526 million

Fidelity: $246 million

Grayscale Investments: –$1.7 billion (net outflows)