Update (Dec. 30, 11:25pm UTC): Article Updated with Latest Information on Bitcoin ETF Flow Data
As the year comes to a close, United States spot Bitcoin and Ether exchange-traded funds are poised to finish strong, with an astonishing $38.3 billion in net inflows recorded so far. With just two trading days remaining in 2024, this figure is expected to continue growing, as investors flock to these products.
Top Performing Spot Bitcoin ETFs
According to Farside Investors, BlackRock’s iShares Bitcoin Trust ETF (IBIT) leads the pack with an impressive $37.31 billion in net inflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) follow closely behind, with $11.84 billion and $2.49 billion in net inflows, respectively.
Bitwise Bitcoin ETF Sees Significant Inflows
The Bitwise Bitcoin ETF (BITB) also saw significant inflows, totaling $2.19 billion, as reported by Farside Investors. This influx of investment has contributed to the overall growth of spot Bitcoin ETFs in 2024.
Industry Analysts Weigh in on Institutional Involvement
An October report from cryptocurrency exchange Binance revealed that nearly 80% of demand for spot Bitcoin ETFs came from retail investors, rather than institutions. However, industry analysts such as Bitwise’s chief investment officer Matt Hougan expect to see increased institutional involvement in 2025.
Clearinghouses and Institutional Involvement
The launch of clearinghouses for spot Bitcoin ETF trading is expected to be a major catalyst for increased institutional participation in 2025. This, combined with the growing demand for these products, has led analysts like Hougan and Bitwise’s research head Ryan Rasmussen to predict a bullish market outlook for next year.
Bitcoin Price Expectations
Bitwise expects the Bitcoin price to reach $200,000 by the end of 2025, while VanEck predicts it will surpass $180,000. These estimates are based on factors such as increased institutional participation and growing demand for spot Bitcoin ETFs.
Spot Ether ETFs End 2024 on a Strong Note
In contrast to their Bitcoin counterparts, spot Ether ETFs have seen a more modest influx of investment. However, the total net inflows since July 23, when these products launched, stand at $2.68 billion, as reported by Farside Investors.
Leading Spot Ether ETFs
BlackRock’s iShares Ethereum Trust ETF (ETHA) and the Fidelity Ethereum Fund (FETH) lead the pack with $3.52 billion and $1.56 billion in net inflows, respectively. The low-fee Grayscale Ethereum Mini Trust ETF (ETH) finished third, with $608.1 million in net inflows.
Industry Analysts Expect Ether to Bounce Back
While Ether has underperformed Bitcoin and Solana in 2024, Bitwise expects it to rebound in 2025 and reach a high of $7,000. This prediction is based on factors such as increased activity on Ethereum layer 2s, growing spot Ether ETF flows, and the rise of stablecoins and real-world asset tokenization.
Magazine: Comeback 2025: Is Ethereum Poised to Catch Up with Bitcoin and Solana?
Additional reporting by Ciaran Lyons explores the potential for Ethereum to regain its former glory in 2025. As investors continue to flock to these products, it will be interesting to see how they perform in the coming year.
Related Article: Bitcoin Price 2025 Cycle Target ‘Minimum’ Starts at $175K — Analyst
In related news, an analyst has predicted that the minimum price target for Bitcoin’s 2025 cycle is $175,000. This prediction is based on factors such as growing demand and increased institutional participation.
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