Bitcoin Exchange-Traded Products (ETPs) solidified their market leadership in the first half of 2025, capturing the overwhelming majority of capital flowing into the crypto ETP space. Total inflows for all crypto ETPs reached $17.8 billion during the period, with Bitcoin ETPs alone attracting $14.9 billion, representing a commanding 84% share.
Ether (ETH) ETPs secured the second position, drawing $2.9 billion in inflows which accounted for 16.3% of the total. XRP ETPs demonstrated notable interest despite ongoing regulatory scrutiny, attracting $219 million.
The market witnessed remarkable consistency, with crypto ETPs experiencing 11 consecutive weeks of positive inflows. This persistent demand contributed significantly to the cumulative $16.9 billion gathered by the end of June.
Issuer concentration surged dramatically. BlackRock emerged as the undisputed leader, commanding an overwhelming 96% market share of H1 inflows. The firm attracted over $17 billion, dwarfing competitors. In stark contrast, Grayscale experienced significant headwinds, posting net outflows totaling $1.7 billion during the same period.
This sustained inflow streak and the dominance of established players like BlackRock underscore growing institutional and retail investor confidence in regulated crypto ETPs as accessible vehicles for gaining digital asset exposure.