Spot Bitcoin approved in January 2024 
$62,792 Their ETFs have shown significant growth in just nine months. These funds are projected to double in size by 2025 and quadruple by 2027, while raising funds faster than even some large traditional ETFs.
Fidelity ETF Approaches Remarkable Threshold
BlackRock’s IBIT fund leads the industry with a size of $21.7 billion. On the other hand, Fidelity’s Wise Origin Bitcoin ETF has solidified its position in the market by receiving strong net inflows recently. Fidelity ETF, whose total size is approaching 10 billion dollars, attracted attention especially with its performance on Friday.
On the same day, Fidelity’s fund saw $20 million more inflows compared to the ARK 21Shares Bitcoin ETF. ARK 21Shares recorded a net inflow of 145 million Australian dollars.
IBIT’s Weekly Performance is Strong
Although IBIT did not provide a net inflow on Friday, it managed to impress investors with its performance throughout the week. On Monday, a total of 349.4 million Australian dollars was inflow to all funds, while from Tuesday to Thursday, there was a total outflow of 208.4 million dollars.
Projections for next year expect spot Bitcoin ETFs to double in size. It does not seem surprising that this increase will quadruple in three years.
SEC Considering Other Crypto ETF Applications
Bitcoin and Ethereum 
$2,465 The fate of ETF applications for other crypto assets is still unclear. The SEC continues to review ETF applications submitted for digital assets such as XRP and Solana. However, Kaiko’s analysts say Ripple 
$0.534633 He thinks that the XRP ETF application is unlikely to be approved due to the impact of the lawsuit between the SEC and the SEC.
SEC Member Uyeda criticized the institution’s approach towards the crypto industry and commented, “This approach harms the industry.”
On the other hand, Matthew Sigel, one of VanEck executives, argued that Solana should be considered as a commodity like Bitcoin and Ethereum. Sigel suggested that the fate of the Solana ETF application could change depending on the results of the upcoming presidential elections.
Regulatory Environment Remains Uncertain
While the ETF approval processes for cryptocurrencies other than Bitcoin and Ethereum remain unclear, even these two funds were considered unlikely to be approved in the past. However, current regulatory developments continue to shape market expectations.
With the rapid growth of spot Bitcoin ETFs, major players such as Fidelity and BlackRock remain in the lead. However, it is becoming clear that the future of the sector will depend on how the regulatory framework will be shaped and the SEC’s approach.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
