Bitcoin ETF Market Valuation Nears $110 Billion Amid Forecast of $200,000 Price by 2025
Record-Breaking Growth During 2024
The US-based spot Bitcoin exchange-traded funds (ETFs) have been experiencing a remarkable growth spurt in 2024, with the price of Bitcoin (BTC) surpassing the $100,000 mark. This milestone is significant not only for the crypto market but also for the ETF industry as a whole.
Cumulative Holdings: A Closer Look
According to data from Dune, the US spot Bitcoin ETFs are just 2.2%, or $2.2 billion, away from crossing $110 billion in cumulative holdings. This represents over 5.7% of the entire Bitcoin supply. To put this into perspective, if we were to list all the US spot Bitcoin ETFs’ holdings, it would be equivalent to approximately 34 million Bitcoin.
BlackRock Dominates the Market
The world’s largest asset manager, BlackRock, dominates the US Bitcoin ETF market with its iShares Bitcoin Trust ETF holding more than 542,000 BTC, valued at $51.5 billion. This represents a staggering 47.9% of the market share among all US Bitcoin ETFs.
Market Share and Holdings Breakdown
| Rank | Fund Name | Holdings (BTC) | Market Share (%) |
| — | — | — | — |
| 1 | iShares Bitcoin Trust ETF (BlackRock) | 542,000 | 47.9% |
| 2 | Invesco KBW Nasdaq Financial Technology ETF (KBW) | 131,900 | 11.8% |
| 3 | First Trust Indxx Innovative Transaction & Process ETF (LEGR) | 121,400 | 10.9% |
BlackRock’s Fund: A Global Leader
BlackRock’s iShares Bitcoin Trust ETF is not only the largest US-based spot Bitcoin ETF but also ranks as the 34th-largest ETF globally, including both cryptocurrency and traditional finance products.
The Role of Bitcoin ETFs in Price Growth
The US spot Bitcoin ETFs have played a significant role in driving the price of Bitcoin toward the $100,000 milestone. In fact, they accounted for approximately 75% of new investment in Bitcoin during this period, pushing its price past the $50,000 mark by February 15, 2024.
Institutional Adoption: A Key Factor
According to Ryan Lee, chief analyst at Bitget Research, BlackRock’s Bitcoin ETF is poised to bring more institutional adoption in 2025 thanks to simplifying access for large investors. This increased institutional investment could propel Bitcoin to $200,000 during 2025, as long as regulatory developments, market dynamics, and broader economic conditions remain favorable.
Long-Term Projections: A Potential Rally
Long-term projections suggest sustained growth, with some forecasts placing Bitcoin’s value at $200,000 by 2025. However, the trajectory will be influenced by various factors, including regulatory developments, market dynamics, and broader economic conditions.
Resistance Levels: A Key Factor in Price Growth
Bitcoin’s price faces significant resistance at $97,600 and $99,000. A potential rally above $99,000 would liquidate over $1 billion worth of leveraged short positions, CoinGlass data shows.
Conclusion
The US-based spot Bitcoin ETFs are nearing a significant milestone following record-breaking growth during 2024 as BTC crossed the $100,000 price level. With BlackRock dominating the market and institutional adoption on the rise, it is likely that we will see further growth in the price of Bitcoin during 2025.
Related Articles
- Bitcoin Targets $120K in January Amid Record Binance Stablecoin Reserves
- BlackRock’s Bitcoin ETF Poised to Bring More Institutional Adoption in 2025
- Top Crypto Investments in 2025: Bitcoin, AI Projects, Tokenized Assets
Subscribe to Our Newsletter
Stay up-to-date with the latest developments in the DeFi space by subscribing to our newsletter. Each week, we break down the latest news and trends, offering sharp analysis and uncovering new financial opportunities to help you make informed decisions with confidence.
Subscribe now and stay ahead of the curve!
