- US Spot Bitcoin ETFs have successfully accumulated over 1.17 million Bitcoin, representing more than 5.5% of the total coin supply since their January 2024 launch.
- The ETFs attracted US$4.94 billion in January 2024, with Bitwise’s Chief Investment Officer Matt Hougan predicting the group could reach “north of $50b” by year’s end.
- Trading during the last days of January saw significant inflows, with US$906.7 million coming in, and BlackRock’s iBIT alone bringing in US$685.3 million over two days.
- Oklahoma has introduced a bill to allow broader Bitcoin usage, permitting state employees, private businesses, and individuals to accept Bitcoin payments, while other states are also exploring cryptocurrency reserve options.
US Spot Bitcoin exchange-traded funds (ETFs) have been a huge success since their launch in January 2024. In the short year of their existence, they managed to accumulate over 1.17 million Bitcoin, which is more than 5.5% of all BTC ever in supply.
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And 2025 is on track to be another whopper year for the funds, as they managed to attract US$4.94 billion (AU$7.94 billion) in January.
According to Matt Hougan, Chief Investment Officer at Bitwise, the year could end “north of $50b” for the group of ETFs.
Last January Trading Days Bring in Close to US$1 Billion Into ETFs
Trading over the past few weeks has been largely positive, only January 27 saw US$457.6 million (AU$736.4 million) in net outflows.
In the last two days of January, the US Spot Bitcoin ETFs managed to pull in US$906.7 million (AU$1.45 billion), with the largest of the funds, BlackRock’s IBIT, seeing US$685.3 million (AU$1.1 billion) in net inflows.
It was one of Hougan’s 2025 predictions that this year would be even better for the ETFs in terms of inflows. While he’s bullish on the huge potential, he also acknowledged that the flows have been volatile, with some months having net outflows and others attracting several billion in inflows.
Oklahoma Introduces Bill to Allow Broader Use of Bitcoin
Another of Hougan’s 2025 predictions is that BTC will move past US$200k (AU$321.65k) and that the number of countries holding the largest crypto will double.
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At least the latter of Hougan’s predictions seems to come along nicely, as reported earlier, the Czech Republic is the latest country joining the Bitcoin reserve debate.
Meanwhile, several US states are discussing adding Bitcoin and, in some cases, broader crypto assets to their reserves. Now, Oklahoma has introduced a bill that would allow “state employees, private businesses, and individuals” to accept payments in Bitcoin – another step toward broader crypto adoption.
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