Crypto ETPs enjoy rapid growth among fund-of-fund investors
Crypto ETPs have enjoyed growing uptake among European fund-of-fund investors in recent years – albeit from a very low base. Rising adoption among professional and institutional investors is a central pillar of the bull case for cryptocurrencies.
As the below chart illustrates, the assets under management (AUM) allocated to crypto ETPs by fund-of-fund investors more than tripled between Q1 2023 and Q1 2025 – from €45m to €138m, according to figures from Allfunds Navigator.
Chart 1: Fund-of-fund AUM allocated to crypto ETPs, 2023-present
Source: Allfunds Navigator
Part of the AUM growth is a consequence of favourable market movements – the price of bitcoin roughly tripled over the period – but more and more fund-of-fund investors…
