Crypto ETP Investments Surpass 2024 Levels

Crypto ETP investments in 2025 have already exceeded 2024's total of $48.56 billion.

Since the beginning of 2025, $48.67 billion has flowed into cryptocurrency exchange-traded products (ETP). This figure has already exceeded the total inflow for the entire year of 2024, which was $48.56 billion, according to James Butterfill, head of research at CoinShares.

We have just seen global digital asset fund flows surpass last year’s total inflows with US$48.67bn year-to-date. Inflows into altcoins seem to be confined to SOL and XRP at present. pic.twitter.com/FvGC9ZkDjr

— James Butterfill (@jbutterfill) October 9, 2025

Increases in inflows are occurring as investors shift their focus to altcoins.

Bitcoin-based funds have attracted about $30 billion since the start of the year, accounting for 62% of the total inflow. However, the share of digital gold has decreased compared to last year, when it accounted for 86% of all ETP investments, or $41.7 billion.

Ethereum-based instruments have seen significant demand, attracting $14.1 billion, nearly three times the figure for the entire year of 2024 ($4.9 billion). Ether’s share of the inflow structure increased from 11% to 29%.

Among other altcoins, investors are focusing on Solana and XRP. Investments in ETPs based on these assets amounted to $2.7 billion and $1.9 billion, respectively.

“Inflows into altcoins appear to be currently limited to SOL and XRP,” noted Butterfill.

Altcoin ETFs

In October, the U.S. Securities and Exchange Commission is expected to decide on several applications for spot ETFs based on altcoins. 

On September 18, the regulator simplified the rules for listing such products. Bloomberg analyst James Seyffart predicted the launch of new instruments “in the coming weeks and months.”

Against this backdrop, investment company Bitwise disclosed the fee size for its Solana-based fund. It will be 0.2%.

Bloomberg analyst Eric Balchunas described the fees as “lower than expected.” In his view, low fees almost always attract investors and can ensure significant capital inflow.

Bitwise not playing around, plans to charge just 0.20% for their spot Solana ETF. Thought we’d see higher first, need war to get this low. They prob figured it’s gonna end up there anyway so just do it now (veteran Terrordome move right there). Low fees have near perfect record… https://t.co/wzoy2deqie

— Eric Balchunas (@EricBalchunas) October 8, 2025

Fees for Bitcoin and Ethereum ETFs, approved last year, are also in the range of 0.20%.

Meanwhile, 21Shares announced the introduction of staking in its exchange-traded Ethereum fund. The firm will also waive the sponsor fee for one year.

The company described the move as a “natural evolution” of Ethereum-based investment products. They stated that it would allow investors to earn income from the protocol.

Last year, Solana’s revenue amounted to $2.85 billion.