Spot Bitcoin ETFs in the United States attracted $35.66 billion in net inflows in 2024. These figures exceeded initial industry forecasts, including Galaxy Digital’s $14 billion estimate. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led with $37.31 billion, followed by Fidelity’s Wise Origin Bitcoin Fund with $11.84 billion.
Other contributors included ARK’s 21Shares Bitcoin ETF, which added $2.49 billion, and the Bitwise Bitcoin ETF, which reported $2.19 billion. Despite strong annual performance, Bitcoin ETFs have faced $1.33 billion in outflows since December 19. Five of the final six trading days recorded net outflows, including IBIT’s $188.7 million single-day outflow on December 24.
Retail investors drove nearly 80% of demand for Bitcoin ETFs throughout the year. Analysts expect institutional interest to increase in 2025 with improved clearinghouse infrastructure. Market forecasts predict Bitcoin prices could rise to $200,000 by 2025, with a conservative estimate of $180,000.
Spot Ether ETFs Reach $2.68 Billion Growth
Spot Ether ETFs experienced strong growth in the second half of 2024, accumulating $2.68 billion since their July debut. BlackRock’s iShares Ethereum Trust ETF led with $3.52 billion in inflows, followed by Fidelity’s Ethereum Fund with $1.56 billion. Grayscale’s Ethereum Mini Trust and Bitwise Ethereum ETF added $608.1 million and over $400 million, respectively.
Although Ether underperformed Bitcoin in 2024, analysts foresee a rebound in 2025. Factors such as Ethereum Layer 2 developments and increasing ETF flows are expected to boost prices. Analysts project Ethereum’s price could reach $7,000, driven by tokenized real-world assets and growing adoption.
Spot Bitcoin and Ether ETFs Show Strength
Digital asset investment products saw $308 million in net inflows last week despite a $576 million single-day outflow. Market reactions to the Federal Reserve’s hawkish stance triggered $1 billion in outflows over the week’s final two days. Bitcoin remained resilient, with $375 million weekly inflows, while multi-asset products suffered $121 million in losses.
Ethereum maintained its growth momentum with $51 million weekly inflows, offsetting Solana’s $8.7 million outflows. Altcoins such as XRP, Horizen, and Polkadot attracted smaller but notable investments. Total assets under management for digital asset ETPs declined by 0.37%, marking a modest impact compared to previous downturns.
Spot Bitcoin ETFs dominated the market in 2024, recording substantial inflows and exceeding early forecasts. Ether ETFs showed strong growth, with promising prospects for 2025. As institutional demand grows, analysts anticipate higher price targets for both assets, positioning them for further success.