Institutional investors boost Bitcoin ETF growth in the US
Experts predict this growing institutional demand could push Bitcoin’s price beyond $100,000 by early 2025, despite anticipated short-term volatility.
Institutional investors in the US have significantly embraced Bitcoin exchange-traded funds (ETFs), with $13 billion in Bitcoin ETF shares acquired since January. A report reveals that 1,179 institutions now hold a combined 193,064 BTC across various spot ETFs, which were initially met with scepticism by legacy finance firms.
Asset management giants such as Millennium Management and Jane Street account for 20% of the total Bitcoin ETF assets. Notably, BlackRock’s Bitcoin ETF became the fastest-growing in US history, marking a major milestone for cryptocurrency integration into traditional finance.
Experts predict that rising institutional demand for spot BTC ETFs will continue to fuel Bitcoin’s price, with projections suggesting the cryptocurrency could surpass $100,000 by early 2025. Despite anticipated short-term volatility, Bitcoin advocates remain confident of its long-term potential, forecasting even higher values by 2045.
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