Crypto ETFs Post First Monthly Outflows of 2025 as Assets Retreat From September Peak: ETFGI

Group 1 - Global crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) experienced net outflows of $2.95 billion in November, marking the first month of net withdrawals in 2025 [1] - Despite the November outflows, total assets in global crypto ETFs increased to $179.16 billion, reflecting a 17.8% year-to-date growth from $152.10 billion at the end of 2024 [1] - Year-to-date net inflows for 2025 reached $47.87 billion, making it the second-strongest year on record for crypto ETF flows, following 2024's $72.08 billion [2][3] Group 2 - The November outflows were attributed to a pullback from September's record asset level of $229.53 billion, as investors took profits amid heightened market volatility [2] - Bitcoin-focused ETFs and ETPs saw $2.36 billion in net outflows, while Ethereum products recorded $1.36 billion in withdrawals during November [4] - At the end of November, Bitcoin-related products held $142.46 billion in assets across 127 products, while Ethereum ETFs and ETPs had $25.05 billion across 62 products [4] Group 3 - Bitcoin and Ethereum led year-to-date inflows, attracting $26.26 billion and $12.89 billion, respectively [5] - The global crypto ETF market is highly concentrated, with iShares holding $83.15 billion in assets (46.4% market share), followed by Grayscale Advisors and Fidelity International [6] - The top three providers account for 72.8% of global crypto ETF assets, with a total of 75 issuers in the market [6] Group 4 - Smaller crypto themes, such as Solana, are gaining traction, with Solana-linked products holding $1.38 billion in assets and $0.90 billion in year-to-date inflows [7] - Cardano and Polkadot products remain niche, each with assets well under $100 million, but both posted modest positive flows in November [7] - The top 20 crypto ETFs and ETPs by net new assets attracted $2.17 billion in November, offsetting broader market outflows [8]