Bitcoin ETFs near $110B as analysts predict $200K BTC in 2025
US-based spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) are approaching a major milestone, with total holdings nearing $110 billion, reflecting record growth in 2024 as Bitcoin surpassed the $100,000 price mark.
According to data from Dune, US spot Bitcoin ETFs are just 2.2% short of reaching $110 billion in cumulative holdings.
This represents more than 5.7% of the entire Bitcoin supply.
Among the leading issuers in the US Bitcoin ETF market, BlackRock stands out.
The world’s largest asset manager holds over 542,000 BTC in its iShares Bitcoin Trust ETF, which is valued at $51.5 billion.
This makes BlackRock’s fund the 34th-largest ETF globally, encompassing both crypto and traditional finance products.
Bitcoin ETFs have been a driving force behind Bitcoin’s recent price surge, contributing about 75% of new investments, which helped push Bitcoin’s value beyond the $50,000 mark by February 15, 2024.
Looking ahead, analysts are forecasting significant price growth for Bitcoin in 2025.
Ryan Lee, chief analyst at Bitget Research, believes that Bitcoin’s value could reach $200,000, with BlackRock’s expanding Bitcoin ETF and increased institutional adoption playing key roles.
“Long-term projections suggest sustained growth, with some forecasts placing Bitcoin’s value at $200,000 by 2025,” Lee said.
However, he noted that Bitcoin’s trajectory will depend on various factors such as regulatory developments, market dynamics, and broader economic conditions.
At the time of reporting, the Bitcoin price was $96,891.62.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
