#以太坊及ETH价格 In 2025, US crypto ETFs attracted $32 billion, and this number looks quite impressive. Although Bitcoin ETFs saw inflows of $21.4 billion, they declined significantly compared to last year. On the other hand, Ethereum ETFs, in their first full year, attracted $9.6 billion, quadrupling the previous figures. This growth momentum is indeed quite interesting.

However, a closer look reveals some nuances. BlackRock's IBIT dominates, absorbing $24.7 billion, while other Bitcoin ETFs experienced a net outflow of $3.1 billion. Grayscale's GBTC saw an outflow of $3.9 billion. On the Ethereum side, BlackRock's ETHA had inflows of $12.6 billion, but recently, there have been consecutive days without new funding, which might be a warning sign for the market.

Funding enthusiasm relies on continuous new inflows; once they stagnate, capital tends to shift away. In 2026, about a hundred crypto ETFs are expected to launch, sounding lively, but analysts also warn that some products may exit the market in the next one or two years due to insufficient demand. Not all ETFs are likely to survive until the end of next year.

Currently, the market is in a phase of divergence: leading products have strong capital attraction, while long-tail products are more likely to be eliminated. Entry should be cautious, and following the trend even more so.