[Net Inflows of U.S. Crypto ETFs in 2025 Reach Approximately $31.77 Billion] In 2025, the total net inflows of U.S. crypto ETFs reached approximately $31.77 billion. Despite a market pullback at the end of the year, institutional demand for allocation remained strong. Among them, spot Bitcoin ETFs saw net inflows of $21.4 billion, a decline from $35.2 billion in 2024; spot Ethereum ETFs attracted $9.6 billion throughout the year, marking a nearly fourfold increase compared to 2024; and spot Solana ETFs, launched at the end of October, accumulated approximately $765 million in inflows. BlackRock's IBIT Bitcoin ETF recorded $24.7 billion in inflows for the year, about five times the size of the second-place Fidelity FBTC. Excluding IBIT, the remaining nine spot Bitcoin ETFs collectively saw net outflows of $3.1 billion, with Grayscale's GBTC experiencing outflows of approximately $3.9 billion. For Ethereum ETFs, BlackRock's ETHA accumulated approximately $12.6 billion in inflows, though recent inflows have slowed. Analysts predict that 2026 may usher in a wave of concentrated crypto ETF issuances, with Bitwise estimating that over 100 crypto ETFs could debut. However, some products may exit the market between 2026 and 2027 due to insufficient demand.