Approximately a year ago, the United States Securities and Exchange Commission (SEC) made a groundbreaking decision by giving the green light to Bitcoin Spot Exchange-Traded Funds (ETFs). This action marked a significant milestone towards mainstream acceptance of cryptocurrencies among institutional investors.
Without a doubt, these exchange-traded products have significantly exceeded market predictions regarding demand and performance. As a result, they now exert a substantial impact on the direction of Bitcoin’s price movement.
Impact And Success Of Bitcoin Spot ETFs
On X’s post, Fox reporter Eleanor Terrett emphasized various successes that Bitcoin Spot ETFs experienced during their first year of transactions. In the latter part of 2023, after numerous conversations and deliberations, the SEC gave the green light to trade 11 Bitcoin Spot ETFs on January 10, 2024, which were then accessible for trading on several American stock exchanges.
The emergence of these spot ETFs ignited significant enthusiasm within the digital asset market because they were seen as a significant stride towards the legitimization of cryptocurrencies within the financial sector, offering institutional investment and regulatory clarity. Among the approved Bitcoin ETFs, as shared by Eleanor Terrett, four – BlackRock’s IBIT, Fidelity’s FBTC, ArkInvest’s ARKB, and Bitwise’s BITB – have made their way into the top 20 most successful U.S. ETF launches ever.
This remarkable feat is also underscored by the collective performance of all Bitcoin Spot ETFs, which managed an impressive $129.25 billion in assets under management in December. Notably, this surpassed the Asset Under Management (AUM) of Gold ETFs, which have been around for 20 years and had a total AUM of $128.88 billion during the same period.
Additionally, Bitcoin Spot Exchange-Traded Funds (ETFs) currently hold approximately 1 million Bitcoins in total, amassing a significant amount even beyond what is believed to be held by the original creator of Bitcoin, Satoshi Nakamoto.
Ultimately, Terrett emphasizes that Bitcoin ETFs have played a significant role in boosting the acceptance of the leading cryptocurrency. This is supported by BlackRock’s rise among the top four Bitcoin holders, which came about eight years after their CEO, Larry Fink, labeled it as an “index of money laundering.
Bitcoin Spot ETFs Retain Positive 2025 Streak
By the end of the second full trading week in 2025, figures from SoSoValue show that Bitcoin Spot ETFs have held up well, attracting a total of $307.20 million in new investments.
Once more, BlackRock’s IBIT saw an inflow of approximately $479.58 million, making it the largest gainer. This brings its total cumulative net flows to a staggering $37.67 billion. Combined, these Bitcoin Spot ETFs now hold 5.74% of Bitcoin’s market capitalization, demonstrating an increasing impact on the leading cryptocurrency.
Currently, one Bitcoin is being exchanged for approximately $94,510, showing a modest increase of 0.50% over the past week. At the same time, the trading volume has dropped significantly by 69.49%, currently standing at around $18.69 billion.
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2025-01-12 20:11