S&P Global has spotlighted the explosive growth of Bitcoin ETFs in a new report, calling their market debut a turning point for institutional crypto adoption.
Since launching in 2024, these funds have pulled in billions, with BlackRock’s IBIT ETF leading the charge.
According to the report, assets under management for crypto ETFs more than doubled in just nine months, surpassing $120 billion by the end of 2024. The ease of accessing crypto through traditional brokerage platforms has played a key role in driving demand, especially among institutions that prefer not to deal with direct custody.
BlackRock’s IBIT alone has raked in over $14 billion in 2025 and is nearing 700,000 BTC under management, putting it on track to outpace even legacy equity funds like Vanguard’s VOO in yearly inflows. Altogether, U.S.-listed Bitcoin ETFs now hold over $133 billion—representing about 6% of Bitcoin’s total market cap.
Ethereum ETFs are also gaining traction, holding nearly $10 billion in assets and accounting for over 3% of ETH’s market cap.
S&P expects demand to continue growing, citing the simplicity of ETF trading and the added confidence provided by institutional-grade custodians. The report also hinted at a new wave of crypto ETFs in the pipeline, potentially covering assets like Solana, XRP, Dogecoin, and even meme coins like PENGU.
Bloomberg analysts anticipate these altcoin ETFs could launch before the end of the year, further expanding the scope of regulated crypto investment products.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/sp-global-bitcoin-etfs-fuel-surging-institutional-interest-in-crypto/