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Spot Bitcoin 
$105,406 ETF products received approval for trading from the U.S. Securities and Exchange Commission (SEC) about a year ago, after nearly a decade of anticipation. At that time, 11 different asset managers were granted approval to launch their products. These BTC ETF products have astonished the financial world with record milestones.
Highlighted Spot Bitcoin ETF Products
Bloomberg Senior ETF Analyst James Seyffart shared a graph comparing Bitcoin ETFs to their counterparts in the broader market. According to the graph, the BlackRock iShares Bitcoin Trust (IBIT) achieved the largest asset value one year later. BlackRock IBIT surpassed the $50 billion asset management threshold in December 2024.
Currently valued at $52.33 billion, IBIT outshines its closest competitor, the Invesco QQQ Trust Series, by $18.3 billion. Notably, the Invesco QQQ Trust Series is one of the largest in the global financial landscape.
Strong Competitor to Gold ETFs
Fox Business Journalist Eleanor Terrett also shared interesting figures acknowledging the progress of BTC ETF products. According to her update, these ETF products have accumulated over 1 million BTC units, exceeding $95 billion at today’s prices.
Recognized as the world’s largest asset, these new ETF players have surpassed previous milestones set by Gold. Bitcoin ETFs have exceeded Gold’s $128 billion in managed assets. Since their launch, ETFs have accumulated over one million bitcoins, valued at more than $95 billion at current prices.
Michael Saylor, considering Bitcoin’s rapid growth compared to gold, suggested that investors should replace gold with BTC.
Price Impact and Institutional Acceptance
Spot Bitcoin ETF products represent one of the largest sources of demand for the underlying asset. Due to continuous accumulation, Bitcoin reached its highest price in 2024. According to a previous Coingape report, the coin reached $108,000 in December 2024 following numerous records set in recent months.
Institutional investors in the U.S. and globally have been purchasing Bitcoin ETFs at an unexpected pace. With Donald Trump’s newly initiated pro-crypto administration, favorable policies are anticipated to attract firms to BTC.
Bitwise CIO Matt Hougan remains optimistic about the performance of these funds in 2025, highlighting them as one of the three sources of insatiable Bitcoin demand.
In the year since the launch of Bitcoin ETFs, these products have achieved significant success in financial markets. The growing interest among investors has contributed to the rising value of Bitcoin and its appeal to institutional investors. As institutional acceptance strengthens, the future performance of Bitcoin ETFs is expected to be closely monitored.
