US-based spot Bitcoin exchange-traded funds (ETFs) are approaching a major milestone after record growth in 2024. Bitcoin has surpassed the $100,000 mark.

US spot Bitcoin ETFs are just 2.2%, or $2.2 billion, away from reaching the $110 billion threshold in total assets.

BlackRock is the leader in the US Bitcoin ETF market. The iShares Bitcoin Trust ETF holds 542,000 BTC worth $51.5 billion.

These developments have contributed to Bitcoin’s rise to $100,000.

Experts predict that Bitcoin could reach $200,000 by 2025. However, these projections will be affected by regulatory developments and market dynamics.