Index
ToggleIn the global financial landscape, investment trends are changing dramatically. While traditional stocks and bonds dominated the portfolios of large funds in the past, digital assets – especially through Bitcoin and Ethereum ETFs – have become a bright spot attracting hundreds of billions of dollars from institutional investors.
Global “giants” pour Capital into digital assets
According to the latest statistics as of August 26, 2025, the total assets managed by cryptocurrency-related ETFs have exceeded 168 billion USD , of which Bitcoin ETFs alone account for nearly 145 billion USD . This is an impressive figure compared to the period before the US officially approved Bitcoin ETFs in early 2024.
BlackRock , the world's largest asset manager, currently leads the way with its iShares Bitcoin Trust (IBIT) valued at approximately $82 billion .
VanEck , one of Wall Street's veteran financial institutions, is also not out of the trend with the VanEck Bitcoin ETF (HODL) of nearly $2 billion .
Other names like Fidelity (FBTC) and Grayscale (GBTC) also quickly joined in, contributing to making Bitcoin ETF the hottest financial product globally.
In just two trading sessions on August 25–26, 2025, Bitcoin ETFs recorded a net Capital of $308 million , a positive reversal after a net outflow of more than $1.18 billion the previous week. In parallel, Ethereum ETFs are also booming, attracting nearly $899 million in inflows during the same period.
Notably, BlackRock currently has the $16.6 billion iShares Ethereum Trust ETF (ETHA) , while VanEck owns the $280 million Ethereum ETF (ETHV) . In addition, the market is waiting for ETFs related to Solana, Cardano or XRP , as many filings have been submitted to US regulators.
Story in Vietnam: Foreign funds stay and withdraw
In the Vietnamese stock market, the presence of foreign funds has created an important part in the investment Capital flow.
VanEck is maintaining the VanEck Vectors Vietnam ETF (VNM ETF) , with a portfolio currently reaching nearly 577 million USD (equivalent to 15,000 billion VND) as of August 26, 2025. Since March 2023, this fund has switched to the MVIS Vietnam Local Index , focusing entirely on stocks listed in Vietnam.
In contrast, BlackRock – which once held a Vietnamese stock portfolio worth nearly VND1,900 billion through iShares Frontier & Select EM ETF – decided to withdraw all Capital in September 2024, after announcing the fund would close in mid-2024.
BlackRock's withdrawal has left many domestic investors regretful, but at the same time it also shows a strategic shift: global "giants" are focusing heavily on digital assets instead of frontier markets.
Legal trends and opportunities in Vietnam
Vietnam is still in the frontier market group, so the proportion of Capital from global funds such as VanEck or BlackRock only accounts for a small part. However, a positive signal is that the Law on Digital Technology Industry has just been issued, for the first time introducing the concept of "crypto assets" into the official legal framework.
This opens up the prospect that in the near future, Vietnamese investors will be able to access products such as Bitcoin or Ethereum ETFs right in the domestic market, instead of having to go through international exchanges. This is a step forward to help make Capital flows transparent, reduce costs and optimize risks for individual investors.
Source: Cafebiz
