Crypto Funds Weekly Recap Marks Surge in ETF Flows and VC Bets

Van Thanh Le

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May 24 2025

4 hours ago4 minutes read

Robot balances pastel ETF orb along crypto inflow channel

Bitcoin and Ethereum ETFs See $1.05B in Combined Inflows, Highest Since January

On May 22, 2025, U.S. spot Bitcoin and Ethereum ETFs recorded a combined net inflow of $1.05 billion, their highest since January. Bitcoin ETFs attracted $934.8 million, led by BlackRock's IBIT with $877.2 million, while Ethereum ETFs gained $110.5 million, with Grayscale's ETHE bringing in $43.7 million. This marks a seven-day positive streak for Bitcoin and a five-day streak for Ethereum. Bitcoin recently reached new all-time highs, briefly hitting $112,000, while Ethereum surged to $2,668. Analysts note strong institutional buying amidst a "risk-on" environment, with some caution regarding potential weekend volatility.

BlackRock's IBIT Bitcoin ETF Soars to Top Five with $9B in 2025 Inflows

BlackRock's U.S. spot bitcoin ETF, IBIT, has surged into the top five ETFs by year-to-date flows, reaching nearly $9 billion in net inflows in 2025. After a remarkable $6.5 billion inflow spree in the past month, IBIT now ranks fourth in assets under management at $66.9 billion, behind VOO, VTI, and SPLG. Currently, IBIT's flow surpasses the SPDR Bloomberg 1-3 Month T-Bill ETF, which has $8.8 billion. Overall, U.S. spot bitcoin ETFs have generated $7.6 billion in cumulative inflows this year, rebounding from earlier market turmoil.

JPMorgan to Launch Managed Bitcoin Fund, Outsourcing Custody to NYDIG

JPMorgan Chase has announced it will allow customers to invest in Bitcoin through an actively managed fund, despite CEO Jamie Dimon's longstanding criticism of the cryptocurrency. Dimon, who has previously called Bitcoin a fraud, acknowledged customer demand for Bitcoin investments, leading to this new offering, set to launch this summer. Custody of Bitcoin will be outsourced to NYDIG. JPMorgan, with a market cap of $740 billion and over $4 trillion in managed assets, continues to invest in blockchain technology, executing its first transaction on a public blockchain recently, highlighting a complex relationship with digital assets.

Canary Capital Amends Solana ETF to Include SOL Staking, Renamed 'Canary Marinade Solana ETF'

Canary Capital has amended its Solana ETF filing, now named the 'Canary Marinade Solana ETF,' to include SOL staking through a partnership with Marinade Finance. This amendment comes as the SEC delays Solana ETF applications from 21Shares and Bitwise, with Canary's next decision deadline on August 17. Analysts predict an 82% chance of SEC approval for a Solana ETF in 2025, with a 90% likelihood from Bloomberg analysts. The SEC views Solana as a commodity, supported by its regulated futures market.

VanEck to Launch Avalanche-Focused PurposeBuilt Fund Next Month

VanEck is set to launch the VanEck PurposeBuilt fund next month, focusing exclusively on the Avalanche ecosystem. Managed by the Digital Assets Alpha Fund, it aims to support projects across various sectors, including gaming and AI, particularly after Token Generation Events. Portfolio manager Pranav Kanade emphasized Avalanche's favorable Layer 1 architecture and robust business development as key reasons for the focus. The fund will also utilize any unused capital on-chain for liquidity solutions. Current fund size details are undisclosed, reflecting a broader trend of investment shifting towards builders beyond infrastructure offerings.

a16z Leads $214M Funding Surge for Crypto Startups in One Week

In one week, six crypto projects raised a total of $214 million, with a16z crypto leading significant investments. The largest fundraising came from Worldcoin, which secured $135 million, followed by Slash with $41 million, and Catena Labs with $18 million. The total capital raised in 2025 has reached nearly $7.7 billion, an 87% increase from 2024, driven by favorable conditions including regulatory support and anticipated Federal Reserve interest rate cuts. The industry is projected to raise $18 billion this year, nearly double the averages of the previous two years, illustrating strong investor confidence in crypto startups.

World Raises $135 Million in WLD Token Sale to Expand U.S. Presence and Enhance World ID Network

World, previously known as Worldcoin, raised $135 million through a WLD token sale, with participation from Andreessen Horowitz and Bain Capital Crypto. The funding aims to expand the World Network across the U.S. and enhance infrastructure for World IDs, which verify individual humanity using biometric data from iris scans. Over 26 million users have accessed the network, creating 12.5 million World IDs. World plans to launch in key U.S. cities, rewarding users with WLD tokens. The project, co-founded by Sam Altman of OpenAI, is positioned to become a self-sustaining protocol in the evolving AI landscape.

Theta Capital Secures $175M to Invest in Next-Gen Crypto Startups

Theta Capital recently raised $175 million for its new fund, Theta Blockchain Ventures IV, aimed at supporting specialized crypto venture capital firms that nurture early-stage blockchain startups. With nearly 20 years of experience managing $1.2 billion, the firm focuses on investing in crypto-native VCs to leverage their expertise in spotting innovative ideas. This funding comes as the crypto VC landscape rebounds, showcasing renewed investor confidence in decentralized finance and blockchain infrastructure. The raised capital is intended to empower startups that could revolutionize financial models, reinforcing Theta Capital's commitment to advancing the cryptocurrency ecosystem.

This article has been refined and enhanced by ChatGPT.