Bitcoin ETFs Approach $110B in Holdings, BlackRock Dominates the Market

YEREVAN (CoinChapter.com) — Bitcoin ETFs are approaching $110 billion in cumulative holdings, accounting for 5.7% of Bitcoin's total supply

Bitcoin (CRYPTO: BTC) ETFs now hold about $107.8 billion worth of the flagship digital currency, roughly 5.7% of Bitcoin’s total supply, according to Dune Analytics.

The growth aligns with Bitcoin’s rise past the $100,000 price level earlier this year. U.S. spot Bitcoin ETFs, currently valued at $107.8 billion, remain pivotal in institutional investments in the cryptocurrency.

BlackRock (NYSE:BLK), the world's largest asset manager, leads the sector with its iShares Bitcoin Trust ETF (NYSE Arca: BITO) holding over 542,000 BTC. This represents a 47.9% market share of U.S. Bitcoin ETFs and positions it as the 34th largest ETF globally across both cryptocurrency and traditional assets.

The iShares Bitcoin Trust ETF by BlackRock, valued at $51.5 billion, continues to attract institutional inflows. ETF Database reports this fund ranks among the largest worldwide. BlackRock’s significant share of the Bitcoin ETF market reinforces its influence in the sector.

Spot Bitcoin ETFs accounted for nearly 75% of new Bitcoin investments in 2024. These contributions propelled Bitcoin above $50,000 by February and helped it cross $100,000, a key psychological milestone.

Bitcoin prices now face resistance at $97,600 and $99,000, according to CoinGlass data. Analysts note that a rally above $99,000 could result in the liquidation of over $1 billion in short positions, potentially boosting market activity.

Although Bitcoin remains below its all-time highs, it only requires a 4.1% increase to reclaim the $100,000 mark, a critical psychological level for investors.

Analyst Forecasts Bitcoin At $200,000 In 2025

Ryan Lee, chief analyst at Bitget Research, attributes BlackRock’s growing ETF market share to increased institutional adoption. He told Cointelegraph that this momentum might support Bitcoin reaching $200,000 by 2025.

Lee emphasized that regulatory developments, market dynamics, and broader economic trends would influence Bitcoin’s trajectory in the coming years.

Bitcoin ETFs are $2.2 billion away from crossing the $110 billion mark.