US-based spot Bitcoin exchange-traded funds (ETFs) are approaching a major milestone after record growth in 2024. With BTC surpassing the $100,000 mark, US spot Bitcoin ETFs are just 2.2%, or $2.2 billion, away from reaching $110 billion in total. That’s more than 5.7% of the total Bitcoin supply.

BlackRock is the leader in the US Bitcoin ETF market. The firm’s iShares Bitcoin Trust ETF holds 47.9% of the market share, holding more than 542,000 BTC. This makes BlackRock’s fund the 34th largest ETF globally.

Bitcoin is projected to reach $200,000 by 2025. However, this journey will be affected by regulatory developments and market dynamics. Share your views in the comments.