It was the first month of net outflows for the products in 2025, as investors pulled their money out of funds across major themes, the firm’s monthly research report said.
Still, year-to-date net inflows for crypto ETFs were strong, coming in at US$47.87 billion by the end of November, the second highest on record for the first 11 months of the year.
The top 20 crypto ETFs/exchange-traded products (ETP) by net new assets collectively gathered US$2.17 billion, including the Canary XRP ETF, which received the largest individual monthly net inflow at US$348.82 million.
Assets invested in global crypto ETFs amounted to US$179.16 billion by the end of the month, representing a 17.8% increase year to date. However, they were down from the record high of US$229.53 billion in September 2025.
There were 405 crypto ETFs listed globally, offered by 75 providers, at the end of November. Altogether, these providers had 942 listings spread across 29 exchanges in 22 countries.
iShares is the largest provider of the products globally, boasting $83.15 billion in crypto ETF/ETP assets and a 33.7% market share, the report noted.
Grayscale Advisors and Fidelity International rank second and third, respectively. The former manages US$25.49 billion in crypto ETF/ETP assets and has a 14.2% market share. The latter manages US$21.86 billion in assets and has a 12.2% market share, ETFGI said.
Altogether, these three providers account for 72.8% of global crypto ETF/ETP assets under management. Other providers each have less than a 4% market share.
Bitcoin and Ethereum products, which account for the vast majority of global digital ETF/ETP assets, suffered US$2.36 billion and US$1.36 billion in net redemptions in November, respectively.
Those losses were slightly offset by modest gains observed in other products. Solana and Cardano ETFs/ETPs each posted net inflows of $30 million, while Polkadot products took in $20 million in November.
“Crypto diversification is evident with products linked to multiple blockchains and tokens, though assets outside Bitcoin/Ethereum remain relatively small,” the report said.
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