It’s been a year since the spot Bitcoin ETF approval, marking a milestone for Bitcoin. The one-year anniversary of spot BTC ETFs has arrived.
According to the data, ETFs have exceeded all expectations in their first year, making a historic debut that has reshaped both the Bitcoin market and traditional finance.
Analysts evaluating the success of Bitcoin ETFs said it exceeded expectations.
What Do Analysts Think About Bitcoin ETFs?
“Our initial estimate for Bitcoin ETFs was a much more modest $14 billion in the first year,” said James Butterfill, head of research at CoinShares. “However, ETF inflows clearly exceeded our expectations.”
Among ETFs, Butterfill noted that the BlackRock Bitcoin ETF reached $61 billion in assets under management (AUM) in less than a year, while the gold ETF took 20 years to reach $33 billion AUM.
Butterfill added that the ETFs’ success was helped by their launch at a time when Bitcoin’s price was historically low.
“We were expecting a successful Bitcoin ETF launch like now, and a year later it has attracted much larger inflows than we expected. And we expect the momentum to continue into 2025,” said Roxanna Islam, Head of Sectors and Industry Research at VettaFi.
Bitwise Chief Investment Officer Matt Hougan said that US spot Bitcoin ETFs are the best-performing ETFs of all time.
“Bitcoin is the best performing asset in history. While ETFs have had a great first year, second year inflows tend to exceed first year results. Most professional investors are still locked out of Bitcoin ETFs. That will change in 2025, and I expect 2025 inflows to significantly exceed 2024,” Hougan said.
Finally, 21Shares analyst Matt Mena stated that Bitcoin ETFs have achieved great success, saying: “I was extremely optimistic about the US Bitcoin ETFs, which the crypto community has been discussing and waiting for approval for over a decade. I was expecting $15 billion in net flows, but the ETFs completely exceeded my expectations.”
*This is not investment advice.
