Bitcoin ETFs See $446M Inflows as Solana ETF Approval in Hong Kong Builds Momentum

• Bitcoin ETFs attract $446 million in inflows, led by BlackRock’s IBIT with $324 million, as total assets approach $150 billion.

• Ethereum ETFs experience $244 million outflows, highlighting Bitcoin’s dominance in the spot ETF space.

• Solana’s Hong Kong ETF approval marks a milestone, with trading set for October 27 and strong client interest from surveys showing nearly 80% intent to invest.

Bitcoin ETF inflows surge $446M in late October 2025, while Solana ETF launches in Hong Kong ignite Asian markets. Discover how these developments signal crypto recovery and boost investor confidence today.

What Are the Latest Bitcoin ETF Inflows in 2025?

Bitcoin ETF inflows reached $446 million from October 20 to 24, 2025, driven primarily by BlackRock’s IBIT fund, which alone captured $324 million. This resurgence follows periods of volatility, with total Bitcoin ETF assets now nearing $150 billion as the cryptocurrency trades around $110,615. Overall, these inflows reflect growing institutional confidence in Bitcoin amid broader market stabilization.

How Is Solana’s ETF Approval Impacting Global Crypto Markets?

Hong Kong’s Securities and Futures Commission has greenlit the ChinaAMC Solana ETF, the region’s first spot product for the asset and its third crypto ETF overall following Bitcoin and Ethereum approvals. Set to list under code 03460 on October 27 with both RMB and USD counters, it features a 0.99% management fee and leverages the OSL Exchange platform. According to a Standard Chartered Hong Kong survey, nearly 80% of clients plan to engage in virtual asset investments, potentially accelerating ETF trading services launching in November. This development underscores Asia’s rising role in crypto innovation, with Solana’s high-speed blockchain attracting interest for diverse applications. Meanwhile, filings like VanEck’s Lido Staked Ethereum ETF and new Solana and INJ proposals from Osprey and 21Shares indicate a wave of upcoming products. Bloomberg reports 155 pending U.S. crypto ETF applications across 35 assets, with Bitcoin and Solana leading at 23 each, followed by XRP at 20 and Ethereum at 16. Delays from the U.S. government shutdown have slowed progress, but analysts expect approvals to accelerate, fostering leveraged and staking ETF options as institutions seek broader exposure.

Source: Wu Blockchain

The image above illustrates the inflow trends, highlighting Bitcoin’s resilience post-corrections. In 2024 and 2025, Bitcoin ETFs alternated between outflows during downturns—such as the $2.5 billion withdrawal in one January 2025 week—and robust accumulations during upswings. Assets grew from $30 billion early in 2024 to almost $150 billion by late 2025, correlating closely with Bitcoin’s price trajectory to $110,615. Ethereum ETFs, in contrast, saw $244 million in net outflows over the same period, with Fidelity’s FETH leading withdrawals at $95.25 million; none of the nine products recorded gains. This disparity emphasizes Bitcoin’s stronghold, as investors favor its established market position over Ethereum’s current challenges.

Bitcoin ETFs see fresh inflows while Solana’s new Hong Kong ETF sparks global crypto excitement and renews investor confidence.

• Investors are putting money back into Bitcoin ETFs, with $446 million flowing in, showing trust in the market is slowly returning.
• Ethereum ETFs are losing funds, but Bitcoin remains the favorite as its total ETF value nears a massive $150 billion.
• Solana just got its first ETF approved in Hong Kong, a major step that could push more people in Asia to explore crypto investing.

From October 20 to 24, Bitcoin exchange-traded funds (ETFs) witnessed renewed investor confidence, recording $446 million in net inflows, led by BlackRock’s IBIT with $324 million. 

Meanwhile, Ethereum ETFs faced a $244 million net outflow, with Fidelity’s FETH seeing the largest withdrawal of $95.25 million. None of the nine Ethereum ETFs posted net inflows during the week. Bitcoin’s total ETF assets now stand at $149.96 billion, with the cryptocurrency trading near $110,615.07.

Bitcoin ETF Strengthens as Market Recovers

Bitcoin ETFs saw alternating stages of distribution and accumulation in 2024 and 2025. The data shows short-term outflows during corrections and significant inflows during bullish times. Investors withdrew around $2.5 billion in a single week in January 2025.

However, the market quickly rebounded as inflows resumed. Consequently, total ETF assets surged from around $30 billion in early 2024 to nearly $150 billion by late 2025. Moreover, Bitcoin’s price followed this upward momentum, displaying strong correlation with total asset growth.

Besides Bitcoin, the broader ETF market is expanding rapidly. There are already 155 pending crypto-based ETF applications covering 35 digital assets in the United States, according to Bloomberg. With 23 filings each, Bitcoin and Solana are in first place, followed by XRP (20) and Ethereum (16).

Approvals were delayed by the U.S. government shutdown, but analysts predict that the process will soon pick up speed. As a result of growing institutional interest in diverse crypto exposure, asset managers are scrambling to develop leveraged and staking-based ETF solutions.

Solana ETF Debuts in Hong Kong

In Asia, Hong Kong’s Securities and Futures Commission has officially approved the ChinaAMC Solana ETF, the first Solana-based spot ETF and the third crypto ETF after Bitcoin and Ethereum. 

The product, listed under code 03460, will trade on October 27 with RMB and USD counters. It carries a 0.99% management fee and uses OSL Exchange as its platform. Additionally, Standard Chartered Hong Kong plans to launch virtual asset ETF trading services in November after a survey found nearly 80% of clients intend to invest in digital assets.

Furthermore, VanEck recently filed for a Lido Staked Ethereum ETF, while Osprey and 21Shares submitted new Solana and INJ ETF applications.

Frequently Asked Questions

What drove the $446 million Bitcoin ETF inflows in October 2025?

The inflows were primarily fueled by BlackRock’s IBIT fund, which drew $324 million, amid signs of market recovery and Bitcoin trading near $110,615. This reflects institutional investors rebuilding positions after earlier volatility, with total assets hitting $149.96 billion.

Why is the Solana ETF approval in Hong Kong significant for Asian investors?

This marks Hong Kong’s first spot Solana ETF, offering RMB and USD trading options starting October 27 on the OSL Exchange, with a low 0.99% fee. It builds on Bitcoin and Ethereum precedents, potentially drawing in the nearly 80% of surveyed Standard Chartered clients eyeing virtual assets.

Key Takeaways

• Bitcoin’s ETF Dominance: Inflows of $446 million underscore its lead, pushing total assets to nearly $150 billion despite Ethereum’s outflows.
• Solana’s Asian Breakthrough: The Hong Kong ETF approval signals expanding regional access, supported by high client interest and upcoming trading services.
• Future ETF Growth: With 155 U.S. applications pending, including for Solana and others, investors should monitor approvals for diversified opportunities.

Conclusion

The recent Bitcoin ETF inflows of $446 million and Solana’s Hong Kong ETF launch highlight a maturing crypto landscape, with institutional adoption driving assets toward $150 billion. As filings proliferate and markets stabilize, these trends point to sustained growth in 2025—consider positioning for emerging spot products to capitalize on this momentum.