Did you know that exchange -traded products are now the largest holders of Bitcoin? In today’s crypto for advisers newsletter, Rony Abboud of TrackInsight and ETF Central break down the current ETF trends.
Then Joshua de Vos answers the research line at Coindesk Investment questions about ETFs in “Ask an expert.”
Thanks to our sponsor for this week’s newsletter, Grayscale Investments. For financial advisers near Minneapolis, Grayscale hosts Crypto Connect on Thursday 18 September. Learn more.
– Sarah Morton
5 Crypto Etf -Diagrams We thought you liked this month
Crypto has officially entered the Etf Mainstream and the numbers tell the story.
ETPs hold Bitcoin -krone
In case you missed it, crypto exchange products (ETPS) have become the largest holders of Bitcoin, now sitting on 1.47 million coins – approx. 7% of the total amount of 21 million, according to data prepared by Team15capital on X.
Public companies come next with just over 1 million, followed by governments holding about 526,000, according to BitCintreasuries.net
When you look closer, Blackrocks Ibit-Trade Fund in Bitbakker-traded fund (ETF) leads the package by 749,000 coins, while Fidelity’s FBTC has 201,000, and Grayscales GBTC is 185,000. This proportion of supply is likely to continue to climb, as more investors, especially institutions, jump into a friendlier American crypto administration.
Crypto moves into Etf -minstream
Cryptocurrency has become an important topic in the TrackInsight Global ETF study.
This year’s edition collected insights from more than 600 professional investors who oversee over $ 1 trillion in ETF assets. They shared their views across active, thematic, ESG, fixed income and crypto segments.
When asked about their appetite on crypto -Tfs in 2025, more than half said they are planning to increase assignments in client portfolios.
Crypto ETFs break into the big leagues
Cryptocurrency ETFs in the United States ranked 8. The results of the trackInight study reflect the shift that shows how professional investors who were once hesitant are now increasingly open to crypto.
Solana and XRP Etfs Edge closer to the limelight
With Bitcoin and Ether ETFs already established, Solana and XRP set up their own spot debut. Optimism is high, but SEC has not yet approved any filing. Still, with the legal cloud around Ripple being lifted and a more cryptic legislative environment in Washington, the odds of launch look better than ever.
Meanwhile, investors have been running the momentum through us Futures-based Solana and XRP ETFs. North of the border, Canada has already pulled on with spot launches, while Europe continues to lead the charges with ETPs covering almost any major cryptocurrency – including Solana and XRP.
Since 2024, the XRP and Solana ETPs have attracted $ 2.02 billion and $ 1.35 billion in net incurrence globally, with momentum collected after the first related US spot -TF archives.
The Big Race: Gold vs. Crypto
The visual highlights an important trend in modern finance: the struggle for a place in investor portfolios.
Gold, the multi -year value of value, maintains its lead with ETPs approaching $ 400 billion in assets as it remains a critical hedge against inflation and geopolitical turmoil.
Still, the explosive growth of crypto -ETPs signalizes a new era that has driven past $ 200 billion.
This is not a zero-sum game; Instead, the chart suggests that investors in an uncertain world are aimed at both assets to provide different forms of protection and growth.
– Rony Abboud, Role, Chief Marketing Officer, TrackInsight and ETF Central
Ask an expert
Question: What happened to Global Crypto ETF/ETP streams in August?
Ether-connected products attracted $ 4.27 billion, the strongest monthly intake this year and ~ 88% of August’s net inflow, primarily powered by US-listed funds.
Bitcoin products experienced $ 169.1 million in net outflow at the category level despite spread at the issuer level. Solana and XRP products recorded influx of $ 383.4 million and $ 279.7 million respectively, signaling selective diversification in addition to BTC and ETH.
Streams by geography:
- Americas: $ 4.92 billion in net inflow, continues to anchor global allocations and trade.
- Europe: $ 108 million in net outflow, reflecting softer demand in more markets.
- APAC: $ 70.4 million in net inflow with step -by -step gains led by Hong Kong and Australia.
Question: How has the United States placed since the debut of listed crypto -Tfs and ETPs?
Since Bitcoin ETFs became available in January 2024, US-Listed Products have become the core site of regulated exposure to digital assets, with USD denomineed vehicles ~ 94% of global activity.
For investors, this scale and consistency of participation emphasize the role of the United States as the primary market for price discovery and capital formation in crypto.
Question: What policy development has continued to determine the US operating background for crypto -Tfs?
- SEC’s steps to allow in-kind creations/redemptions to spot Bitcoin and ether products support more efficient primary market operations and tighter spreads.
- Larger exchanges have also suggested generic listing standards for raw material -based ETPs (including raw materials with digital assets)which, if adopted, would streamline future product approvals.
- In parallel, the Commission is extended review periods on selected proposals for single assets (including Solana)clusters more high -profile decisions in October.
Together, these steps enhance structural clarity as the market matures.
– Joshua de Vos, Research Lead, Coindesk
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