Overview
- Spot Bitcoin ETFs drew about $25 billion in net inflows in 2025, pushing combined assets above $114 billion.
- Institutional holdings via ETFs reached roughly 24 percent, highlighting growing use of regulated vehicles.
- On-chain data showed shrinking retail activity, with estimates that smaller investors sold more than 240,000 BTC in 2025.
- Long‑term holders released roughly 1.4 million BTC since early 2024, with institutions and corporate treasuries absorbing the supply.
- Bitcoin and Ethereum ended the year lower despite a new BTC all‑time high earlier in 2025, as BlackRock, Fidelity and Grayscale led ETF accumulation.