Posted 1/21/2024, 6:33:00 PM
New Bitcoin ETFs Quickly Amass Over $26 Billion in BTC Holdings, Fueling Bullish 2025 Price Predictions
- New Bitcoin ETFs in the US now hold over 638,900 BTC worth $26.8 billion in total
- Grayscale's Bitcoin Trust (GBTC) has the largest holdings at 566,973 BTC, but has seen outflows recently
- New ETFs like BlackRock's (IBIT) and Fidelity's (FBTC) have quickly accumulated over 20,000 BTC each
- Analysts predict a bullish breakout for Bitcoin's price, with potential to reach $130k or even $180k by late 2025
- However, conservative predictions are recommended due to potential failure of pricing models