One year ago, the US Securities and Exchange Commission (SEC) announced its approval of Bitcoin Spot ETFs in what could be a historic step for institutional adoption in cryptocurrencies.
Unequivocally, these exchange-traded products have exceeded market expectations in terms of demand and performance and are having a significant impact on Bitcoin’s price trajectory.
The impact and success of Bitcoin ETFs
In a Posted on X, Fox correspondent Eleanor Terrett highlighted the multiple accomplishments Bitcoin Spot ETFs have achieved in their first year of trading. After months of intense dialogue and discussions in the latter half of 2023, the SEC finally approved 11 Bitcoin ETFs on January 10, 2024 to trade on multiple US exchanges.
This development generated a lot of excitement in the digital assets industry, as these spot ETFs, which promised institutional investment and regulatory clarity, were seen as a major step in legitimizing cryptocurrencies in the financial sector. Among the approved Bitcoin ETFs, Eleanor Territt shared that four, BlackRock’s IBIT, Fidelity’s FBTC, ArkInvest’s ARKB, and Bitwise’s BITB, now rank among the top 20 US ETFs ever launched.
This achievement is further evident in the overall performance of all spot Bitcoin ETFs, which recorded assets under management of $129.25 billion in December, surpassing the AUM of gold ETFs of $128.88 billion. In confirmation of this amazing performance, it is worth noting that gold ETFs have been around for 20 years.
Furthermore, Bitcoin Spot ETFs have so far raised over 1 million Bitcoins, more than Bitcoin creator Satoshi Nakamoto.
Finally, Terrett underscores how these Bitcoin ETFs have fueled increased acceptance of the pioneering cryptocurrency, noting BlackRock’s emergence as one of the four largest holders of Bitcoin — just eight years after the company’s CEO, Larry Fink, referred to the asset as a “marker for money.” Money laundering.”
Spot Bitcoin ETFs hold positive streak for 2025
With the conclusion of the second trading week of 2025, Data from SoSoValue It reveals that Bitcoin Spot ETFs maintained strong performance, generating aggregate net inflows of $307.20 million.
Once again, BlackRock’s IBIT emerged as the biggest winner with $479.58 million in inflows as total cumulative net inflows rose to $37.67 billion. Together, Bitcoin Spot ETFs now control 5.74% of Bitcoin’s market capitalization as their influence over the leading cryptocurrency grows stronger.
At press time, Bitcoin is trading at $94,510, reflecting a slight gain of 0.50% in the past week. Meanwhile, the currency’s trading volume decreased by 69.49% and was valued at $18.69 billion.
Featured image from Fortune, chart from Tradingview
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