Crypto ETFs Surge 100% in 9 Months, Reach $133 Billion

Since the launch of Bitcoin ETFs in 2024, these funds have attracted billions of dollars in investments, with BlackRock’s IBIT ETF leading the way. According to the report, assets under management for crypto ETFs more than doubled in just nine months, surpassing $120 billion by the end of 2024. The ease of accessing crypto through traditional brokerage platforms has played a key role in driving demand, especially among institutions that prefer not to deal with direct custody.

BlackRock’s IBIT alone has raked in over $14 billion in 2025 and is nearing 700,000 BTC under management, putting it on track to outpace even legacy equity funds like Vanguard’s VOO in yearly inflows. Altogether, U.S.-listed Bitcoin ETFs now hold over $133 billion—representing about 6% of Bitcoin’s total market cap.

Ethereum ETFs are also gaining traction, holding nearly $10 billion in assets and accounting for over 3% of ETH’s market cap. The report also hinted at a new wave of crypto ETFs in the pipeline, potentially covering assets like Solana, XRP, Dogecoin, and even meme coins like PENGU. Analysts anticipate these altcoin ETFs could launch before the end of the year, further expanding the scope of regulated crypto investment products.

S&P expects demand to continue growing, citing the simplicity of ETF trading and the added confidence provided by institutional-grade custodians. The surge in institutional interest in crypto, fueled by the launch of Bitcoin ETFs, is a significant development in the financial landscape. This trend is likely to continue as more institutions recognize the potential of crypto assets and seek regulated, accessible investment vehicles.