 Bitcoin ETFs surpass $125B, BlackRock's IBIT ranks 31st worldwide 
2025-01-31
Category: None

The US spot Bitcoin exchange-traded funds (ETFs) have crossed a significant milestone, showcasing growing institutional adoption for the world’s first cryptocurrency. 
Collectively, the spot Bitcoin BTCUSD ETFs surpassed $125 billion in holdings on Jan. 30, accounting for over 6.05% of the current BTC supply, Dune data shows.
The milestone comes just over a year after they first debuted for trading on Jan. 11, 2024.
The spot Bitcoin ETFs amassed $4.2 billion worth of inflows from Jan. 1 to 24 alone, accounting for over 6% of all ETF inflows — according to Eric Balchunas, senior ETF analyst at Bloomberg. He added:

ETF investments were a significant element in Bitcoin’s 2024 price rally, accounting for about 75% of new investment when it recaptured the $50,000 mark on Feb. 15, less than a month after the ETFs’ debut.
BlackRock’s IBIT becomes world’s 31st-largest ETF
BlackRock, the world’s largest asset manager, controls the largest Bitcoin ETF by assets under management, worth over $58 billion. The fund accounts for over 46.4% of the market share among all US Bitcoin ETFs.
BlackRock’s fund grew to become the world’s 31st-largest ETF among all ETFs, including crypto and traditional finance products, according to data from VettaFi.
BlackRock’s ETF amassed over $321 million worth of Bitcoin on Jan. 30, accounting for over 54% of the day’s $588 million cumulative net inflows, Farside Investors data shows.
Despite concerns over a short-term dip to $96,000, many analysts believe Bitcoin’s trajectory remains optimistic for the rest of 2025.
The growing Bitcoin ETF milestones and BlackRock’s growing fund may propel Bitcoin to $200,000 during 2025, according to Ryan Lee, chief analyst at Bitget Research.
Lee told Cointelegraph:
However, Bitcoin’s price remains sensitive to economic developments, and more delays in a potential US Federal Reserve interest rate cut could introduce downside pressure.