Bullish December: Crypto ETFs in the Green After a Brutal November
The crypto market has seen a positive turn in December 2025, with Bitcoin and Ethereum ETFs showing signs of recovery. After a devastating November, investors are showing renewed interest, with inflows of $341 million for Bitcoin ETFs and $143.35 million for Ethereum ETFs. This marks a significant shift from the multi-month lows experienced in the previous month.
BlackRock's IBIT ETF leads the way, accumulating almost $4 billion in 13 days, with holdings growing from $66.26 billion to $70.12 billion. This surge in activity has pushed the total volume of Bitcoin ETFs allocated by ETFs to over $118 billion, accounting for 6.57% of the net Bitcoin market capitalization.
The IBIT fund is responsible for about 60% of this segment, followed by Fidelity's FBTC and Grayscale's GBTC products. Ethereum spot ETFs have also shown impressive dynamics, attracting $143.35 million in funds in December.
November 2025 was a challenging month for Bitcoin and Ethereum spot ETFs, with Bitcoin ETFs losing $3.48 billion and Ethereum ETFs losing $1.42 billion. The flash crash on October 10-11, anemic performance, and the perceived peak of the cycle triggered investor pessimism. However, the market has shown resilience, with indicators improving in December.
The crypto ETF AUM has bounced back from multi-month lows, with a slight improvement in the first half of December. This positive turn in December 2025 has brought a sense of optimism to the market, with investors showing renewed interest in Bitcoin and Ethereum ETFs.
