{"id":20235,"date":"2025-01-12T14:35:49","date_gmt":"2025-01-12T12:35:49","guid":{"rendered":"https:\/\/forklog.com\/en\/spot-bitcoin-etfs-turn-one-volumes-leaders-and-adoption\/"},"modified":"2025-01-12T14:35:49","modified_gmt":"2025-01-12T12:35:49","slug":"spot-bitcoin-etfs-turn-one-volumes-leaders-and-adoption","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/spot-bitcoin-etfs-turn-one-volumes-leaders-and-adoption\/","title":{"rendered":"Spot bitcoin ETFs turn one: volumes, leaders and adoption"},"content":{"rendered":"

January 11 marked one year since the start of trading<\/a> for spot bitcoin ETFs in the United States. Analysts highlighted the segment\u2019s striking growth and forecast even greater institutional interest.<\/p>\n

Milestones<\/strong><\/h2>\n

According to SoSoValue<\/a>, since launch 12 issuers have accumulated 1.13 million BTC worth $106.6 billion \u2014 5.4% of the coin\u2019s total supply. Cumulative trading volume for the funds reached $660 billion.<\/p>\n

\"Snimok-ekrana-2025-01-12-v-13.02.59\"
Weekly dynamics of spot bitcoin ETFs. Data: SoSoValue.<\/figcaption><\/figure>\n

BlackRock, Fidelity and Grayscale led early trading volumes. Grayscale\u2019s tally was driven by the converted GBTC bitcoin trust \u2014 a shrinking discount prompted investor selling that outweighed inflows into other funds.<\/p>\n

As bitcoin climbed above $100,000 in December, the assets under management (AUM) of all US bitcoin ETFs surpassed<\/a> those of gold-based products. The precious metal took 20 years to reach $130 billion; the first cryptocurrency needed less than a year.<\/p>\n

According to Federico Brocate, head of 21Shares\u2019 US unit, fiscal policy in 2024 helped spur interest in the new instruments.<\/p>\n

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\u201cThe lowering of interest rates by central banks created a favorable macroeconomic environment for bitcoin, attracting capital as financial liquidity increased,\u201d \u2014 noted<\/a> he.<\/p>\n<\/blockquote>\n

Leaders<\/strong><\/h2>\n

GBTC from Grayscale initially led the spot bitcoin ETF segment, having converted from a trust with existing AUM. By the end of May it was overtaken<\/a> by BlackRock\u2019s IBIT.<\/p>\n

The fund still holds the lead with $52.7 billion in assets under management. At launch in January IBIT held 2,621 BTC; it now stands at 557,881 BTC.<\/p>\n

\"Snimok-ekrana-2025-01-12-v-13.58.39\"
Data: SoSoValue.<\/figcaption><\/figure>\n

Fidelity\u2019s FBTC ranks second by AUM ($19.5 billion), while GBTC has slipped to third with a slight lag ($19.3 billion).<\/p>\n

Greg Magadini, director of derivatives at Amberdata, noted that IBIT\u2019s popularity is also evident in the options market.<\/p>\n

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\u201cOptions on IBIT launched in November have already entered the dozen most actively traded assets, ahead of GOOGL and META, and matched AMZN\u2019s volumes,\u201d he added.<\/p>\n<\/blockquote>\n

According to Bloomberg ETF analyst James Seyffart, four spot bitcoin ETFs \u2014 IBIT, FBTC, ARKB and BITB \u2014 made the top 20 US ETF launches of all time. BlackRock\u2019s product set a new record for the speed of asset gathering over a year.<\/p>\n

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Just how big was the first year for Bitcoin ETFs?
MASSIVE<\/p>\n

Here’s a list of the largest ETFs 1 year after they launched. Even if you inflation adjust the assets, 4 of the Bitcoin ETFs are in the top 20 US ETF launches of all time. $IBIT<\/a>, $FBTC<\/a>, $ARKB<\/a>, and $BITB<\/a> pic.twitter.com\/MQuf6wp9Fe<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) January 10, 2025<\/a><\/p><\/blockquote>\n