#ETFWatch Crypto ETFs record $1.8B in net inflows in 2025, with BTC and ETH leading: $69K and $2K at stake.
But the enthusiasm stumbles: outflows of $340M in ETH reflect regulatory doubts.
The SEC halts approvals and Grayscale sees record redemptions (12% of AUM).
For critics, #ETFWatch is a thermometer: institutionalization promises stability, but volatility persists (crypto VIX +15%).
Bridge to the mainstream or liquidity trap?