#US spot ETFs hold over 1 million BTC#

The US spot Bitcoin ETF has achieved tremendous success in the past year, holding approximately 1.1348 million BTC as of January 10, valued at over $109.6 billion. This success is attributed to the approval of multiple spot Bitcoin ETFs in the US on January 11, 2024, enabling investors to access Bitcoin directly through traditional brokerage accounts. Since their launch, investors have poured over $37 billion into spot Bitcoin ETFs, coupled with the surge in Bitcoin's price, resulting in a total asset under management (AUM) of $107 billion for the sector. Notably, the IBIT fund attracted $38 billion in inflows, boosting its AUM to $52.5 billion, making it one of the fastest-growing ETFs in history.Beyond the success of spot Bitcoin ETFs, 2024 witnessed a breakthrough in Bitcoin's price. Bitcoin smashed its 2021 ATH, soaring to $100,000. Moreover, the Trump administration's stance on cryptocurrency shifted towards support for Bitcoin, appointing pro-crypto officials and pushing for the establishment of a Bitcoin strategic reserve. These factors indicate that Bitcoin has become a recognized investment product by the world's strongest financial, economic, and technological nations, with promising prospects for future growth.Looking ahead to 2025, Nate Geraci, president of The ETF Store, predicts that the AUM of spot Bitcoin ETFs will surpass that of physical gold ETFs. Spot Ethereum ETFs are also expected to be approved, allowing for physical creation/redemption and staking features. Furthermore, other crypto-related ETFs will emerge, including option-based products, Bitcoin-denominated equity ETFs, and "Bitcoin bond" ETFs. These projections suggest that the cryptocurrency market will continue to flourish, attracting more institutional investors.