The Year in Crypto ETFs 2025: Bitcoin, Ethereum Thrive as XRP and More Join the Party

Core Insights - The SEC has established criteria for digital assets to be eligible for commodity-based trusts, requiring them to trade on surveilled markets and have a six-month history of futures trading [1][2] - The approval of generic listing standards for commodity-based trusts is expected to significantly increase the number of available ETF products for investors [8] ETF Market Dynamics - Spot Ethereum ETFs have seen $12.6 billion in net inflows since their launch, with a peak inflow of $1 billion in a single day as Ethereum approached an all-time high [4] - Spot Bitcoin ETFs generated $57.7 billion in net inflows since their debut in January 2024, marking a 59% increase from $36.2 billion at the beginning of the year [6] - Investors invested $1.2 billion into spot Bitcoin ETFs on October 6, as Bitcoin neared an all-time high above $126,000, but withdrew $900 million when the price fell below $90,000 on November 11 [5] Emerging Cryptocurrencies - ETFs tracking XRP and Solana have been introduced, with XRP generating approximately $883 million and Solana $92 million in net inflows since their respective launches [13][11] - The debut of Solana ETFs was notable for sharing staking rewards with investors, following new guidance from the U.S. Treasury Department and IRS [13] Institutional Interest - Vanguard plans to allow its 50 million customers to trade some spot crypto ETFs, indicating a shift in institutional interest towards crypto assets [16] - The transition from retail to institutional investors is seen as beneficial for the long-term sustainability of the asset class, potentially leading to reduced volatility [22] Index ETFs - Hashdex launched the first spot ETF tracking multiple digital assets in the U.S., which holds various cryptocurrencies, including Cardano and Chainlink [17] - A group of index ETFs now offers exposure to 19 digital assets, with several asset managers debuting similar products [18]