Bitcoin ETFs nears $110B as analyst predicts BTC could reach $200K in 2025.

Following record growth in 2024, as Bitcoin surpassed the $100,000 mark, US spot Bitcoin ETFs are now just 2.2%, or $2.2 billion, away from reaching $110 billion in cumulative holdings. 

This represents more than 5.7% of the total Bitcoin supply, according to data from Dune Analytics. BlackRock, the world’s largest asset manager, dominates the US Bitcoin ETF market. The firm’s iShares Bitcoin Trust ETF holds over 542,000 BTC, valued at $51.5 billion, accounting for 47.9% of the market share among all US Bitcoin ETFs. 

As a result, BlackRock’s fund is ranked as the 34th-largest ETF globally, covering both cryptocurrency and traditional finance products, according to data from ETF Database.

Bitcoin ETFs have played a crucial role in BTC’s rally toward the $100,000 milestone. US spot ETFs accounted for approximately 75% of the new investment in Bitcoin, helping the price surpass the $50,000 level by February 15, 2024. 

BlackRock’s Bitcoin ETF is expected to drive further institutional adoption in 2025, as it simplifies access for large investors, according to Ryan Lee, chief analyst at Bitget Research.

The ETF milestone and BlackRock’s growing fund could potentially propel Bitcoin to $200,000 during 2025. As Lee stated to Cointelegraph:

“Long-term projections point to sustained growth, with some forecasts suggesting Bitcoin could reach $200,000 by 2025.”

 “However, regulatory developments, market dynamics, and broader economic conditions will play a key role,” Lee added. Despite this optimistic outlook, Bitcoin still needs another 4.1% to fully reclaim the psychological $100,000 mark. 

The cryptocurrency faces significant resistance levels at $97,600 and $99,000. A breakout above $99,000 could potentially trigger over $1 billion in liquidated short positions, according to CoinGlass data.