Spot Bitcoin ETFs turn 1 – Assessing what’s done and what’s next in 2025 – BitRss

• Spot Bitcoin ETFs revolutionized finance, amassing $660 billion in trading volume by 2024
• Ethereum ETFs showed resilience too, closing 2024 with $35 billion in inflows despite challenges

11 January 2025 marked the first anniversary of U.S Spot Bitcoin [BTC ($93,882.87)] ETFs. This groundbreaking development revolutionized both the cryptocurrency landscape and traditional finance.

Approved by the U.S. Securities and Exchange Commission (SEC) on 10 January 2024, these ETFs quickly became a dominant force, accounting for the entirety of the $44.2 billion in global crypto investment inflows by the end of 2024.

Bitcoin ETFs’ 1-year performance recap

Early market leaders like BlackRock, Fidelity, and Grayscale set the pace. Notably, Grayscale gained an edge due to its seamless conversion of an existing product into an ETF, debuting with a significant $29 billion in assets under management.

Moreover, the debut year of Spot Bitcoin ETFs was marked by staggering trading activity. According to The Block’s Data Dashboard, cumulative volumes surpassed $38 billion in their first month alone. By the six-month mark, tradin…