US Spot Bitcoin ETFs Celebrate One Year Anniversary with Record-Breaking Success

Four US spot Bitcoin exchange-traded funds (ETFs) have secured a spot among the top 20 best ETF launches in history, marking a significant milestone one year after the US Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs.

The SEC’s approval on January 10, 2024, paved the way for 11 spot Bitcoin ETFs to begin trading on US exchanges. This launch coincided with Bitcoin’s rally to a new all-time high in March 2024, crossing the $100,000 mark before undergoing a correction.

Breaking Records and Surpassing Expectations

While the market has seen tremendous growth since these ETFs began trading, it’s the records they have broken that stand out a year later. On January 10, 2025, Bloomberg ETF analyst James Seyffart shared a summary of spot BTC ETFs one year down the line.

“Just how big was the first year for Bitcoin ETFs? Massive,” Seyffart noted. “Even if you inflation adjust the assets, 4 of the Bitcoin ETFs are in the top 20 US ETF launches of all time. $IBIT, $FBTC, $ARKB, and $BITB.”

The ETFs in question are BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Ark/21Shares Bitcoin ETF (ARKB), and Bitwise’s Bitcoin ETF (BITB). Notably, BlackRock’s IBIT surpassed $50 billion in assets under management in less than a year.

Top Performers and Key Statistics

IBIT tops the list of best ETF launches in history, while FBTC, ARKB, and BITB rank fourth, 16th, and 18th, respectively. Other notable performers include VanEck’s HODL, CoinShares Valkyrie’s BRRR, Invesco Galaxy’s BTCO, Franklin Templeton’s EZBC, and WisdomTree’s BTCW.

As of January 9, 2025, the total net assets in US spot Bitcoin ETFs stood at over $106 billion, accounting for approximately 5.74% of Bitcoin’s total market capitalization.

Key Takeaways and Insights

According to Seyffart, a key takeaway is that even the two ETFs from comparatively small issuers ARK/21 Shares and Bitwise, which “only” have ~$4 billion each, are still in the top 20 launches of all time. This highlights the significant interest and growth in the Bitcoin ETF market.

Tips for investors:

  • Consider diversifying your portfolio with Bitcoin ETFs to gain exposure to the cryptocurrency market.
  • Keep an eye on market trends and adjustments in the Bitcoin ETF space.
  • Stay informed about regulatory developments and their potential impact on the Bitcoin ETF market.

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