Spot Bitcoin ETFs Reach $107.64 Billion in Assets One Year Post-Launch

The launch of Spot Bitcoin exchange-traded funds (ETFs) in the US on January 11, 2024, represents a significant development in the cryptocurrency market. These ETFs have quickly become major contributors to Bitcoin's price increase, helping it surpass $100,000, and are now the largest holders of Bitcoin.

Key Highlights

First 11 Spot Bitcoin ETF applications were approved by the SEC on January 10, 2024.
All ETFs, except Grayscale's GBTC, showed positive performance in their first year.
Initial trading volumes for these ETFs set records for any ETF launch.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led with over $3 billion inflows each in their first 20 days.
US-based Spot Bitcoin ETFs currently control approximately $107.64 billion in assets, accounting for about 5.75% of Bitcoin's total market cap.
Cumulative net inflows reached $36.22 billion since launch.
iShares Bitcoin Trust has the highest cumulative net inflow at $37.67 billion, followed by Fidelity with $12.16 billion.
Other providers like ARK 21Shares and Bitwise also saw inflows of $2.49 billion and $2.43 billion respectively.

Future Outlook

Investors anticipate further growth for Spot Bitcoin ETFs, particularly in 2025 with expectations of crypto-friendly policies under the upcoming Trump administration. Currently, Bitcoin is trading at $94,057.