The past year has been special for the cryptocurrency market, especially for Bitcoin (BTC). At the beginning of the year, no fewer than 11 different BTC Spot Exchange Traded Funds (ETFs) were launched on the American stock exchange. Since their introduction, these funds have broken several ETF records. With nearly $110 billion in capital under management, Bitcoin ETFs represent nearly 6% of the circulating BTC supply, making them the most successful funds in the history of US stock markets.
Why Bitcoin ETFs are so popular
Bitcoin ETFs make it easy for traditional and institutional investors to invest in BTC without having to worry about the secure storage of crypto coins. These funds even allow pension funds and personal retirement plans, such as 401(k) funds in the United States, to invest in the largest cryptocurrency.
Bitcoin ETFs set new price records
The popularity of Bitcoin ETFs has led to massive capital inflation. Currently, the BTC ETFs collectively manage $107 billion, of which $35 billion comes from new inflows. This inflow directly contributed to the rise of the Bitcoin price to a new all-time high of $108,000 in December last year.
Major success expected in 2025
According to analysts at research firm Bernstein, the success of Bitcoin ETFs will increase further in 2025. The experts predict that another $35 billion in new capital could be raised. This could potentially add $350 billion in market value to Bitcoin, which would mean an additional increase of almost 20% and bring the price to around $115,000.
Ethereum and altcoin ETFs on the rise
In addition to Bitcoin, nine Ethereum (ETH) ETFs have also been launched. It is expected that other altcoins, such as Solana (SOL) and XRP, will follow in 2025 with their own ETFs. This can significantly increase the adoption and market value of altcoins, which will further grow the crypto market.
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Source: https://newsbit.nl/bitcoin-etfs-breken-records-beste-prestaties-op-de-amerikaanse-beurzen/
