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VisitBitcoin ETFs Mark One-Year Milestone with $37 Billion Inflows and 1.13 Million BTC, Led by BlackRock's IBIT
Jan 10, 2025, 05:18 PM
One year after their approval by the U.S. Securities and Exchange Commission on January 10, 2024, spot Bitcoin exchange-traded funds (ETFs) have marked a significant milestone in the cryptocurrency market. These ETFs have attracted over $37 billion in net inflows and now manage assets worth $109.7 billion, holding 1,136,415 BTC, which represents about 6% of Bitcoin's total supply. BlackRock's iShares Bitcoin Trust (IBIT) has emerged as the leader, amassing over $53 billion in assets. The success of these ETFs has not only boosted Bitcoin's price, which rose from around $43,700 to over $100,000 in 2024, but also surpassed the assets under management of gold ETFs. This achievement has paved the way for other cryptocurrency ETFs, including those for Ethereum, Solana, and XRP. Analysts predict that Bitcoin ETFs could see even greater inflows in 2025, potentially doubling the figures from their first year.
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