Crypto ETFs Dominate U.S. Market – Ethereum Steals the Spotlight from Bitcoin - Coinedict

Cryptocurrency exchange-traded funds (ETFs) are having a breakout year in the United States, with digital asset products capturing half of the top 20 new fund launches since early 2024. The trend shows how fast crypto is moving from the fringes to the mainstream, as both Bitcoin (BTC) and Ethereum (ETH) ETFs attract billions in inflows.

Bitcoin Leads, But Ethereum Surprises
ETF analyst Nate Geraci revealed that out of more than 1,300 ETFs launched in the U.S. since last year, 10 of the top 20 best performers are tied to cryptocurrency. Even more striking — the top four ETFs overall are all crypto-focused.

At the top of the leaderboard is the iShares Bitcoin Trust (IBIT), which has pulled in a massive $57.4 billion. It’s followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with $12.1 billion, and the iShares Ethereum Trust (ETHA) in third with $9.59 billion. Fourth place goes to the YieldMax MSTR Option Income Strategy ETF (MSTY) at $7.2 billion, boosted by MicroStrategy’s large Bitcoin holdings.

Other notable crypto ETF performers include:

ARK 21Shares Bitcoin ETF (ARKB) – $2.38B inflows (11th place)

Bitwise Bitcoin ETF Trust (BITB) – $2.32B (12th place)

Fidelity Ethereum Fund ETF (FETH) – $2.23B (13th place)

Grayscale Bitcoin Mini Trust (BTC) – $1.66B (17th place)

2x Ether ETF (ETHU) – $1.6B (18th place)

Defiance Daily Target 2x Long MSTR ETF (MSTX) – $1.5B+ (19th place)

Ethereum’s Big Moment
While Bitcoin remains the largest and most recognized cryptocurrency, Ethereum ETFs have been making history. July marked a record month, with $5.37 billion flowing into spot ETH funds and an impressive 19-day streak of daily inflows.

On one standout day, investors poured $1 billion into Ethereum ETFs, the largest single-day inflow ever recorded for ETH-based products. Since early July, Ethereum ETFs have attracted nearly $1.5 billion more than Bitcoin ETFs, signaling a shift in investor preference.

Part of Ethereum’s rise comes from its broader utility — powering decentralized finance (DeFi), NFTs, and other blockchain applications — making it a cornerstone of the future financial system rather than just a store of value.

Why Crypto ETFs Are Winning
The growth of regulated crypto ETFs is making it easier for both retail and institutional investors to get exposure to digital assets without dealing with private wallets or complex security setups. These funds are traded on established U.S. exchanges, making them familiar, regulated, and accessible.

With institutional adoption accelerating and Ethereum gaining ground on Bitcoin, the battle for the top spot in the ETF market is heating up. If this momentum continues, 2025 could be the year crypto ETFs cement their place in mainstream investing.