Large institutional investments via Bitcoin ETFs continue to increase, with analysts predicting a potential Bitcoin price of $200,000 by 2025. While this may seem far-fetched, the same odds existed when Bitcoin was $10,000 and $100,000 seemed astronomical.
Now BTC has crossed $100,000, giving analysts the opportunity to aim higher in their forecast. Thanks to the approval of Bitcoin ETFs, institutions have started putting money into the Bitcoin ETF, which has made this possible. So why not more?
US-based spot Bitcoin exchange-traded funds (ETFs) are quickly approaching a significant milestone, approaching a cumulative holding of nearly $110 billion in 2024 after a period of remarkable growth.
Currently, these US-based ETFs hold over 5.7% of the total Bitcoin supply, a significant figure that underscores the growing institutional adoption of the cryptocurrency. Data from Dune Analytics shows these ETFs cost just $2.2 billion…
