Bitcoin ETFs near $110 billion in market value as one analyst predicts a 2025 price target of $200,000 per coin
Following record-breaking growth in 2024 as Bitcoin crossed the $100,000 price level, US-based spot Bitcoin exchange-traded funds (ETFs) are on the cusp of reaching a significant milestone.
Cumulative Holdings Approach $110 Billion
According to data from Dune, the cumulative holdings of US spot Bitcoin ETFs stand at $107.8 billion, just 2.2% or $2.2 billion away from crossing the $110 billion mark. This represents over 5.7% of the entire Bitcoin supply.
BlackRock Dominates US Bitcoin ETF Market
The world’s largest asset manager, BlackRock, dominates the US Bitcoin ETF market with its iShares Bitcoin Trust ETF holding more than 542,000 BTC, valued at $51.5 billion. This accounts for a staggering 47.9% of the market share among all US Bitcoin ETFs.
Bitcoin ETF Issuers by Holdings and Market Share
| Issuer | Holdings (BTC) | Holdings ($B) | Market Share (%) |
| — | — | — | — |
| iShares Bitcoin Trust ETF (BlackRock) | 542,000 | $51.5 B | 47.9% |
| Proshares Bitcoin Strategy ETF | 144,500 | $13.8 B | 12.6% |
| Grayscale Bitcoin Trust | 44,400 | $4.3 B | 4.0% |
Bitcoin ETFs Play a Significant Role in Price Rally
The US spot ETFs have been a crucial factor in Bitcoin’s rally towards the $100,000 milestone. According to data, they accounted for about 75% of new investment in Bitcoin, pushing its price past the $50,000 mark by February 15th, 2024.
Record Binance Stablecoin Reserves
Bitcoin is expected to continue its upward trajectory with some forecasts placing its value at $200,000 by 2025. However, this will be influenced by regulatory developments, market dynamics, and broader economic conditions.
Institutional Adoption on the Rise
BlackRock’s Bitcoin ETF is poised to bring more institutional adoption in 2025 thanks to simplifying access for large investors. According to Ryan Lee, chief analyst at Bitget Research:
"Long-term projections suggest sustained growth, with some forecasts placing Bitcoin’s value at $200,000 by 2025."
Potential Rally Above $99,000
However, Bitcoin still needs to gain another 4.1% to recover above the $100,000 psychological mark. Its price faces significant resistance at $97,600 and $99,000. A potential rally above $99,000 would liquidate over $1 billion worth of leveraged short positions.
Will Bitcoin Reach $200,000?
According to Mark Yusko, CEO of Sixth Street Partners, the possibility of Bitcoin reaching $200,000 is not as far-fetched as it seems:
"The value of Bitcoin will be driven by the increasing use case for the technology. It’s not just about speculation; it’s about the underlying fundamentals."
Subscribe to Finance Redefined
Stay up-to-date with the latest developments in the DeFi space and uncover new financial opportunities with our weekly newsletter, delivered every Friday.
What’s Next for Bitcoin?
With regulatory developments, market dynamics, and broader economic conditions influencing its trajectory, one thing is certain: the future of Bitcoin is uncertain. However, one thing is clear – it will be an exciting journey.
Related Articles
- Will ETH Outperform BTC in January? IRS DeFi Broker Rules, and More
- Hodler’s Digest, Dec. 22–28
- Top Crypto Investments in 2025: Bitcoin, AI Projects, Tokenized Assets
- How Much Higher Will Bitcoin Go? | Mark Yusko’s 2025 Predictions
Explore More Articles Like This
Stay informed about the latest developments in the DeFi space and uncover new financial opportunities to help you make smart decisions with confidence. Subscribe to our newsletter today!
