Bitcoin ETFs approach $110B as analyst calls $200K BTC in 2025
Summary
US spot Bitcoin exchange-traded funds (ETFs) are approaching $110 billion in cumulative holdings, representing over 5.7% of the total Bitcoin supply. BlackRock's iShares Bitcoin Trust ETF dominates the market with over 542,000 BTC valued at $51.5 billion, accounting for 47.9% market share. The ETFs significantly contributed to Bitcoin's rise past $50,000 by February 15, 2024, with about 75% of new investments coming from these funds. Analysts predict that BlackRock's ETF could enhance institutional adoption, potentially driving Bitcoin's price to $200,000 by 2025, contingent on regulatory and market conditions. Currently, Bitcoin needs to surpass resistance levels at $97,600 and $99,000 to maintain upward momentum.
