Bitcoin ETFs based in the US are drawing attention with the rapid growth in the market. After BTC surpasses $100,000 in 2024, they now control 5.7% of the total supply. This growth could pave the way for Bitcoin to reach a record value of $200,000 in 2025. A NEW ERA IN BITCOIN: ETFs GROWING, PRICES RISINGAs the effectiveness of spot Bitcoin ETFs in the US market continues to increase, experts predict that Bitcoin could reach the $200,000 level in 2025. According to recent data, US-based Bitcoin ETFs are preparing to hold nearly 5.7% of the total Bitcoin supply. Following Bitcoin's surpassing of the $100,000 barrier in 2024, the ETF market has also recorded rapid growth. According to data shared by Dune Analytics, Bitcoin ETFs in the US are only $2.2 billion away from a $110 billion asset target. BlackRock, the strongest player in the market, controls nearly half of the sector through the iShares Bitcoin Trust ETF. The fund, which holds over 542,000 Bitcoins, represents 47.9% of Bitcoin ETFs in the US with a value of $51.5 billion. According to a report released by ETF Database, BlackRock's fund has risen to become the 34th largest ETF globally in both the cryptocurrency and traditional finance worlds. The role of ETFs has been significant in Bitcoin surpassing the psychological threshold of $100,000. According to February 2024 data, approximately three-quarters of new Bitcoin investments occurred through US spot ETFs. Ryan Lee, the chief analyst at Bitget Research, states that BlackRock's Bitcoin ETF will gain more acceptance among institutional investors in 2025. Lee mentions that long-term forecasts indicate Bitcoin could reach $200,000 in 2025. However, he also emphasizes that these predictions could change depending on regulations, market dynamics, and economic conditions. A 4.1% increase is needed for Bitcoin to break the $100,000 resistance. According to CoinGlass data, if Bitcoin surpasses $99,000, the liquidation of short positions exceeding $1 billion is expected.
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