Cryptocurrency investment products recorded $47.2 billion in inflows in 2025, slightly below the $48.7 billion seen in 2024.
Data from CoinShares showed altcoins drove most of the growth despite weaker Bitcoin demand.
Bitcoin fund inflows dropped 35% year-on-year to around $27 billion from $41.7 billion in 2024.
Ether, XRP and Solana investment products posted strong gains throughout the year.
Ether ETPs led inflows with $12.7 billion, up 138% compared with the previous year.
Solana funds recorded the fastest growth, rising 1,000% to $3.6 billion in inflows.
XRP investment products also surged, increasing 500% year-on-year to $3.6 billion.
The remaining altcoins saw a decline in sentiment with a fall in inflows year-on-year of 30%.
James Butterfill said.
Global crypto ETP assets under management rose to about $180 billion by late 2025.
The United States accounted for the majority of inflows at $47.2 billion during the year.
US-based crypto funds held $152.6 billion in assets, representing 84% of global crypto ETP holdings.
Crypto funds started 2026 with $582 million in weekly inflows following two weeks of heavy outflows in December.
At the time of reporting, Bitcoin price was $93,725.46.