Happy birthday. How time flies! Just a year ago, spot Bitcoin ETFs were validated after a final tragicomic episode from the SEC. The days, weeks and then months that followed gradually confirmed the first impressions of Wall Street observers: these products traded on the stock exchange were going to break absolutely all records! The issuers of these ETFs are rubbing their hands and among them, BlackRock dominates the debates and appears as a scarecrow in a market worth more than 100 billion dollars. A look back in figures on this first year of listing.
The key points of this article:Bitcoin spot ETFs were validated by the SEC on January 10, 2024, marking a historic milestone in the normalization of Bitcoin in the traditional financial market.
In one year, these ETFs generated dizzying trading volumes, reaching $660 billion, with BlackRock leading the way, even surpassing the performance of its gold ETF.
Bitcoin Spot ETF Trading Volumes Surpass $660 Billion in 12 Months
On January 10, 2024, the Securities and Exchange Commission (ETF) finally validated Bitcoin spot ETFs after weeks of false suspense. Since then, these exchange-traded products have reshaped the crypto landscape by propelling Bitcoin in traditional financewho took advantage of it! By allowing the general public and institutions to gain exposure to the growth of the digital asset sector without actually holding any, these ETFs participated in a form of legitimation of this formerly sulfurous asset. BlackRock, Fidelity, Ark Invest, Grayscale and Bitwise immediately met with great success and from the first weeks, the figures confirm that the request and the expectations were huge. After one month of trading, volumes reached 38 billion dollars on the 12 ETFs and six months later, 323 billion were reached! Finally, after one year of activity, 660 billion volumes were recorded. Of course, how can we not come back to society BlackRocktitan of global finance, which left its mark on this first year of Bitcoin normalization. Larry Fink's company has experienced numerous ETF launches, but its iShares Bitcoin Trust ETF, available under the ticker IBIT, is a UFO.
Bitcoin spot ETFs on Wall Street are a trading success by any measure
BlackRock dominates the debates and its IBIT is doing better in one year than its gold ETF has always done!
Sector specialists like James Seyffart still can't believe it dazzling success of this financial product:
“The growth of the IBIT is unprecedented! It is the fastest ETF to surpass all previous records and is faster than all other ETFs across all asset classes. It's absolutely incredible. »
James Seyffart, ETF specialist at Bloomberg – Source: The Block
Finally, under the amazed eyes of global finance experts, this ETF Bitcoin de BlackRock will even surpass the benchmark in this area, namely the gold ETF. Negotiated since 2005, it represents 32.9 billion dollars when the IBIT exceeded 33 billion last November, in less than a year! Dizzy. Currently leading net assets under management, BlackRock's ETF represents $52.7 billion, ahead of Fidelity with $19.5 billion or Graysacle with $19.3, according to the latest data from SoSoValue. And the success is not about to stop, because since last November, the IBIT has landed on the options market and it immediately met with significant success. It has already positioned itself in the dozen most traded products alongside the shares of Google, Amazon and other Meta and we don't even dare imagine what will happen if the new American administration goes at the end of his projects cryptos ! Both a thermometer and a driver of the crypto market, Bitcoin and its ETFs are driving the price and demand upwards and it could be that after these good annual figures, new waves of purchases are on the horizon. Indeed, according to Bitwise, the number of financial advisors who are likely to offer Bitcoin ETFs is ready to explode upwards and this could therefore bring in new clients. What if 2025 was even better for ETFs than 2024? See you in a year to take stock.