cryptojournalist
Bitcoin ETFs Dominate the Market
In 2024, US-listed spot Bitcoin exchange-traded funds (ETFs) brought in an impressive $35.66 billion in net inflows, far exceeding initial industry estimates of $14 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led with $37.31 billion in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $11.84 billion and ARK 21Shares Bitcoin ETF (ARKB) at $2.49 billion.
Despite the strong performance, Bitcoin ETFs saw $1.33 billion in outflows since December 19, with IBIT experiencing its largest single-day outflow of $188.7 million on December 24.
Retail vs. Institutional Demand
Retail investors drove 80% of the demand for spot Bitcoin ETFs, according to a Binance report. However, analysts predict institutions will increase their participation in 2025 as more trading clearinghouses become available. This shift could support bullish price forecasts, with Bitwise estimating Bitcoin could hit $200,000 and VanEck predicting $180,000 by 2025.
Ether ETFs Close Strong
Spot Ether ETFs ended the year with $2.68 billion in net inflows since launching on July 23. Excluding outflows from Grayscale’s converted Ethereum Trust ETF (ETHE), the figure rises to $6.29 billion.
BlackRock’s iShares Ethereum Trust ETF (ETHA) led Ether inflows with $3.52 billion, followed by Fidelity’s Ethereum Fund (FETH) at $1.56 billion. Grayscale’s low-fee Ethereum Mini Trust ETF (ETH) ranked third with $608.1 million, while Bitwise’s Ethereum ETF (ETHW) surpassed $400 million.
Ethereum’s 2025 Outlook
Though Ether underperformed Bitcoin and Solana in 2024, analysts at Bitwise expect a rebound in 2025. Factors driving this optimism include increased use of Ethereum’s layer-2 solutions, higher ETF inflows, and growing adoption of stablecoins and tokenized real-world assets. Bitwise projects Ether could reach $7,000 by 2025.
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