Bitcoin ETFs near $110B as analysts predict $200K BTC in 2025

US-based spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) are approaching a major milestone, with total holdings nearing $110 billion, reflecting record growth in 2024 as Bitcoin surpassed the $100,000 price mark.

According to data from Dune, US spot Bitcoin ETFs are just 2.2% short of reaching $110 billion in cumulative holdings.

This represents more than 5.7% of the entire Bitcoin supply.

Among the leading issuers in the US Bitcoin ETF market, BlackRock stands out.

The world’s largest asset manager holds over 542,000 BTC in its iShares Bitcoin Trust ETF, which is valued at $51.5 billion.

This makes BlackRock’s fund the 34th-largest ETF globally, encompassing both crypto and traditional finance products.

Bitcoin ETFs have been a driving force behind Bitcoin’s recent price surge, contributing about 75% of new investments, which helped push Bitcoin’s value beyond the $50,000 mark by February 15, 2024.

Looking ahead, analysts are forecasting significant price growth for Bitcoin in 2025.

Ryan Lee, chief analyst at Bitget Research, believes that Bitcoin’s value could reach $200,000, with BlackRock’s expanding Bitcoin ETF and increased institutional adoption playing key roles.

“Long-term projections suggest sustained growth, with some forecasts placing Bitcoin’s value at $200,000 by 2025,” Lee said.

However, he noted that Bitcoin’s trajectory will depend on various factors such as regulatory developments, market dynamics, and broader economic conditions.

At the time of reporting, the Bitcoin price was $96,891.62.