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Bitcoin ETFs accounted for 6% of all ETF inflows from Jan. 1 to 24, amassing over $4.2 billion in investments.
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The US spot Bitcoin exchange-traded funds (ETFs) have crossed a significant milestone, showcasing growing institutional adoption for the world’s first cryptocurrency.
Collectively, the spot Bitcoin (BTC) ETFs surpassed $125 billion in holdings on Jan. 30, accounting for over 6.05% of the current BTC supply, Dune data shows.
Bitcoin ETF dashboard. Source: Dune
The milestone comes just over a year after they first debuted for trading on Jan. 11, 2024.
The spot Bitcoin ETFs amassed $4.2 billion worth of inflows from Jan. 1 to 24 alone, accounting for over 6% of all ETF inflows — according to Eric Balchunas, senior ETF analyst at Bloomberg. He added:
“The spot bitcoin ETFs quietly on fire to start year, with $4.2b in flows which is 6% of all ETF flows. […] For context they just passed ESG ETFs in assets ($117b) and have about same as gold spot.”
Bitcoin ETF inflows. Source: Eric Balchunas
ETF investments were a significant element in Bitcoin’s 2024 price rally, accounting for about 75% of new investment when it recaptured the $50,000 mark on Feb. 15, less than a month after the ETFs’ debut.
Related: Czech National Bank governor to propose $7B Bitcoin reserve plan
BlackRock’s IBIT becomes world’s 31st-largest ETF
BlackRock, the world’s largest asset manager, controls the largest Bitcoin ETF by assets under management, worth over $58 billion. The fund accounts for over 46.4% of the market share among all US Bitcoin ETFs.
BlackRock’s fund grew to become the world’s 31st-largest ETF among all ETFs, including crypto and traditional finance products, according to data from VettaFi.
World’s largest ETFs. Source: ETF Database
BlackRock’s ETF amassed over $321 million worth of Bitcoin on Jan. 30, accounting for over 54% of the day’s $588 million cumulative net inflows, Farside Investors data shows.
Related: $36T US debt ceiling signals Bitcoin correction after Trump inauguration
Despite concerns over a short-term dip to $96,000, many analysts believe Bitcoin’s trajectory remains optimistic for the rest of 2025.
The growing Bitcoin ETF milestones and BlackRock’s growing fund may propel Bitcoin to $200,000 during 2025, according to Ryan Lee, chief analyst at Bitget Research.
Lee told Cointelegraph:
“Long-term projections suggest sustained growth, with some forecasts placing Bitcoin’s value at $200,000 by 2025.”
However, Bitcoin’s price remains sensitive to economic developments, and more delays in a potential US Federal Reserve interest rate cut could introduce downside pressure.
Magazine: Will ETH outperform BTC in Jan? IRS DeFi broker rules, and more: Hodler’s Digest, Dec. 22–28
This article first appeared at Cointelegraph.com News
