Spot Bitcoin $96,738.3 exchange-traded funds (ETFs) have made a much bigger impact on the cryptocurrency market in 2024 than expected. ETFs, which attracted great attention among both individual and institutional investors in their early years, broke new ground in the financial world.
Spot Bitcoin ETFs Break Record After Record
BlackRock’s spot Bitcoin ETF iShares Bitcoin Trust (IBIT) fund had the most successful launch in US ETF history in 2024. Bloomberg Intelligence analyst James Seyffartannounced that IBIT had amassed over $52.3 billion in assets within a year. This success was due to both the intense inflows to the funds and the sharp rise in the price of Bitcoin.
Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) was also among the top 20 US ETF launches. Director of Digital Asset Strategies at Fidelity Investments Matt Hornesaid FBTC is the company’s largest ETF product. Horne said that the success achieved was a surprise, saying, “The demand we saw among individual investors, consultants and corporate customers exceeded our expectations.”
Prospects Are Greater for Spot Bitcoin ETFs in 2025
While the majority of investor interest came from individual participants, interest from institutional investors remained relatively limited. Founder of Risk Dimensions Mark Connors“With more support from advisors and financial institutions, inflows in 2025 could easily exceed 2024,” he said.
ETF Store President Nate Geracisuggested that 2025 could be “The Year of the Cryptocurrency ETF.” Geraci, US Securities and Exchange CommissionHe stated that with the changing leadership at the SEC, more than 50 cryptocurrency-based ETFs could be approved. Among these, spot solana (LEFT) and XRP Funds and option-based products can also be found.
“Gary Gensler has always described cryptocurrencies as the ‘Wild West,’” Geraci said. “However, with the new management, we can see a complete expansion on the ETF side,” he said.
As you may remember, Bitcoin started 2024 with a price of around 42 thousand 300 dollars and rose to 108 thousand 350 dollars with the strength it received from ETFs, an increase of approximately 2.6 times. The latest predictions of experts on the ETF side even indicate that the largest cryptocurrency may make a huge debut this year. altcoin marketIt shows that a similar movement may occur in Turkey.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
