Core Insights - The U.S. ETF industry reached a record $12.7 trillion in assets, driven by sustained inflows from commodities and crypto ETFs [1][2] - In September 2025, the top 10 U.S. exchange-traded products added $803 million, with the VXX fund leading the inflow at $272.99 million [1][2] - Year-to-date inflows for ETFs reached $951.27 billion, surpassing last year's record of $740.78 billion [2] ETF Performance - U.S. ETF assets increased by 22.7% from $10.35 trillion at the end of 2024 to $12.7 trillion [2] - September 2025 marked the second highest monthly inflow ever, with ETFs pulling in $152.5 billion [2] - ETFs have experienced net inflows for 41 consecutive months, indicating strong investor interest despite market uncertainties [3] Crypto ETF Trends - Grayscale's Bitcoin Mini Trust attracted $140.66 million, while its Ethereum counterpart added $78.54 million, totaling nearly $220 million in inflows [3] - Digital-asset ETFs have transitioned from niche products to mainstream investments, with Grayscale's BTC Mini Trust managing $5.46 billion and ETH counterpart overseeing $3 billion [5] Commodity ETF Activity - Gold remains a popular hedge, with the VanEck Merk Gold ETF adding $101.66 million [4] - Commodity funds, including copper and natural gas, saw inflows driven by increased interest in raw materials [4] Future Outlook - The ETF industry is expected to set another record by the end of 2025, with spot crypto ETFs and tokenization-themed products likely to drive growth in Q4 [6] - ETF launches in the U.S. are accelerating, with issuers introducing new products across various sectors to meet rising demand [6] New ETF Developments - Volatility Shares filed for 27 new leveraged ETFs with the SEC, aiming to provide 3x and 5x exposure to leading tech and crypto-linked stocks [7]