Official announcements from the U.S. Securities and Exchange Commission

U.S. Spot Bitcoin ETFs Mark One-Year Anniversary Holding 1.13M BTC, Projected to Double Inflows in 2025

Jan 10, 2025, 01:41 PM

One year ago, on January 10, 2024, the U.S. Securities and Exchange Commission approved spot Bitcoin exchange-traded funds (ETFs), marking the most successful ETF launch in history. As of today, these ETFs collectively hold 1,136,415 BTC, valued at approximately $109.7 billion, with assets under management reaching $107 billion. The ETFs have attracted significant interest, with total inflows reaching $35 billion in their first year. Leading the pack are BlackRock's IBIT, Fidelity's FBTC, Grayscale's GBTC, ARK's ARKB, and Bitwise's BITB. The launch has also seen Bitcoin's price surge, with the cryptocurrency now trading at around $95,000, more than double its price of $43,700 when the ETFs were first approved. Analysts predict that the ETFs could see inflows double to $70 billion in 2025, indicating a strong future for institutional adoption of Bitcoin.