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Cryptocurrency News Articles
Bitcoin (BTC) Spot ETFs Reach $125B in Total Holdings, Now Hold 6.05% of Total BTC Supply
Feb 01, 2025 at 05:18 am
Spot Bitcoin ETFs in the U.S. have reached $125 billion in total holdings as of Jan. 30, marking a major development for institutional Bitcoin adoption.
Bitcoin ETFs in the United States reached a total of $125 billion in holdings as of Jan. 30, in a major development for institutional Bitcoin adoption. These ETFs now hold over 6.05% of the total Bitcoin supply, Dune data shows.
Between Jan. 1 and 24, Bitcoin ETFs saw $4.2 billion in net inflows, which is 6% of all ETF investments during this period. Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the rapid growth.
“The spot bitcoin ETFs quietly on fire to start year, with $4.2b in flows which is 6% of all ETF flows. Now at +$40b net since launch with aum at $121b and return of 127%. For context they just passed ESG ETFs in assets ($117b) and have about same as gold spot.”
The funds saw a lot of interest since their trading debut on Jan. 11, 2024, with strong investor demand driving inflows.
BlackRock’s IBIT Ranks 31st Among Global ETFs
BlackRock’s IBIT (NYSE:IBIT) leads the Bitcoin ETF market with $58 billion in assets, which is 46.4% of the total market share among U.S. Bitcoin ETFs.
Data from VettaFi also showed that IBIT is now the 31st-largest ETF in the world, surpassing several long-established traditional finance funds.
On Jan. 30, IBIT also added $321 million in Bitcoin, capturing 54% of the day's $588 million net inflows, Farside Investors noted.
Bitcoin ETFs Drive Market Activity in 2024
Bitcoin ETFs also played a role in Bitcoin’s market performance, especially during its 2024 price movements. Following the launch of spot Bitcoin ETFs, BTC reclaimed the $50,000 level by Feb. 15, with ETFs accounting for 75% of new investments at the time.
The increasing adoption of Bitcoin ETFs reflects investor interest in regulated Bitcoin exposure. These funds provide an option for institutional investors to enter the Bitcoin market without directly holding the asset.
Bitcoin ETF Growth Outpaces ESG and Gold Funds
With $125 billion in assets, Bitcoin ETFs now hold more than ESG ETFs ($117 billion) and are nearly at the same level as gold spot ETFs.
Market data showed continued demand for Bitcoin ETFs, with institutional investors maintaining positions in these funds. However, economic conditions, including U.S. Federal Reserve interest rate decisions, could influence short-term Bitcoin ETF activity.
Bitcoin Price Holds Above $104K Amid Steady Market Activity
Meanwhile, Bitcoin’s price stood at $104,922 on Jan. 31, 2025, showing a 0.51% increase for the day. The cryptocurrency showed consistent upward momentum following earlier price fluctuations throughout the month.
The Relative Strength Index (RSI) was at 55.85, signaling moderate buying activity. Trading volumes remained steady, with Bitcoin maintaining strong support above $104,000, Tradingview data showed.
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