#BitwiseBitcoinETF
Almost 80% of demand for BTC ETFs came from retail investors.
Happycoin.club - In 2024, net inflows into US spot bitcoin funds exceeded $35.66 billion. This is much higher than the initial estimate of $14 billion made by analysts at Galaxy Digital.
The most popular among investors was the iShares Bitcoin Trust ETF (IBIT) from BlackRock with a net inflow of $37.31 billion. The Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) took third and fourth place with $11.84 billion and $2.49 billion, respectively. The top five is rounded out by Bitwise Bitcoin ETF (BITB) with $2.19 billion.
BTC ETF receipts from December 19 to 27
According to a report from cryptocurrency exchange Binance, almost 80% of demand for spot Bitcoin ETFs came from retail investors rather than institutional ones. However, according to Bitwise Chief Investment Officer Matt Hougan, the situation may change next year, with corporate investors becoming more active in ETFs based on the flagship cryptocurrency.
One of the catalysts for demand will be the growth of the BTC rate to $200,000, according to Bitwise, or to $180,000, according to VanEck analysts.
Ethereum-based spot ETFs have also shown significant results, having received about $2.68 billion since their launch in July.
Bitcoin ETF News Updates: The world is on edge as the US SEC has approved all 11 spot Bitcoin ETFs. After Tuesday’s turmoil due to false information about ETF approvals, Bloomberg Terminal is finally uploading all 11 Bitcoin offerings ahead of anticipated trading on Thursday.
After almost a decade of rejection, the SEC has finally issued the 9b-4 documents, marking a ‘change in circumstances.’ This long-awaited approval, supported by three of the five commissioners, including Gary Gensler, has been met with enthusiasm from the cryptocurrency community.
The SEC website crashed shortly after the announcement before coming back online.