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Approved in January 2024, spot Bitcoin 
$110,867 ETFs have demonstrated remarkable growth in just nine months. These funds are raising capital faster than some major traditional ETFs, with projections suggesting their sizes may double by 2025 and quadruple by 2027.
Fidelity ETF Approaches Impressive Threshold
BlackRock’s IBIT fund leads the sector with a size of $21.7 billion. Meanwhile, Fidelity’s Wise Origin Bitcoin ETF has solidified its market position through strong net inflows recently. With a total size nearing $10 billion, the Fidelity ETF attracted attention particularly for its performance on Friday.
On the same day, Fidelity’s fund saw $20 million more in inflows compared to the ARK 21Shares Bitcoin ETF, which recorded net inflows of 145 million Australian dollars.
IBIT Shows Strong Weekly Performance
Although IBIT did not secure net inflows on Friday, its overall weekly performance impressed investors. On Monday, total inflows across all funds reached 349.4 million Australian dollars, while total outflows from Tuesday to Thursday amounted to 208.4 million dollars.
Projections for next year anticipate that the size of spot Bitcoin ETFs will double. A fourfold increase within three years seems plausible.
SEC Evaluates Other Crypto ETF Applications
The fate of ETF applications for cryptocurrencies outside Bitcoin and Ethereum 
$2,650 remains uncertain. The SEC continues to review ETF applications for digital assets like XRP and Solana 
$185. However, analysts believe the likelihood of XRP ETF approval is low due to the ongoing case between Ripple 
$2 and the SEC.
SEC member Uyeda criticized the agency’s approach to the crypto industry, stating, “This approach harms the sector.” Meanwhile, VanEck executives, including Matthew Sigel, argue that Solana should be classified similarly to Bitcoin and Ethereum as a commodity. Sigel suggested that the fate of the Solana ETF application could depend on the outcomes of the upcoming presidential elections.
Regulatory Environment Maintains Uncertainty
As the ETF approval processes for cryptocurrencies other than Bitcoin and Ethereum remain uncertain, even the approval prospects for these two funds were once considered low. However, current regulatory developments continue to shape market expectations.
With the rapid growth of spot Bitcoin ETFs, major players like Fidelity and BlackRock retain their leadership. The sector’s future is increasingly linked to how the regulatory framework evolves and the SEC’s approach.
