According to the latest data, total assets under management of spot Bitcoin ETFs have exceeded $50 billion. At the same time, the market value of Bitcoin holdings in BlackRock’s Spot Bitcoin ETF (IBIT) has reached US$12 billion, hitting a record high of US$12.5 billion.
A report from JP Morgan analysts pointed out that in the next 2-3 years, spot Bitcoin ETFs are expected to receive approximately US$62 billion in capital inflows. This forecast is based on the fact that only 7% of the $3.3 trillion in total gold held for investment purposes is held in funds. At the same volatility (3.7), this would mean the potential size of the Bitcoin ETF is around $62 billion.
Furthermore, this represents a “realistic target” for the potential size of a spot Bitcoin ETF over the coming period. Yet many of these implied net inflows are likely due to continued rotation away from existing instruments into ETFs.
Analysts at Bitwise say that despite all the attention Bitcoin has attracted recently, Ethereum (ETH) could rise to $10,000 or higher this year, driven by multiple catalysts. Analysts pointed to the upcoming Dencun upgrade and excitement surrounding the spot Ethereum ETF application as key catalysts. He emphasized that most of the positive sentiment will be felt in the weeks and months following the upgrade as these effects occur, so Ethereum is likely to break through $8,000 to $10,000 this year, and possibly higher.
💡In my opinion, the bull market has clearly started and large institutions have been injecting funds. As a small retail investor, I will definitely follow this trend and insist on long-term fixed investment.
