Bitcoin ETFs Outperform In First Year, But Solana, XRP ETFs Face Challenges, Expert Says
Posted On January 17, 2025
Bloomberg Intelligence analyst James Seyffart has reflected on the remarkable success of spot Bitcoin (CRYPTO: BTC) ETFs and the potential problems in altcoin ETF approvals in 2025.
What Happened: In a recent Blockworks Macro episode, Seyffart pointed out four Bitcoin ETFs now rank in the top 20 ETF launches of all time, with iShares’ (NASDAQ:IBIT) leading the way.
He highlighted these ETFs attracted $37 billion in net inflows in their first year, far exceeding initial estimates of $15-20 billion.
Seyffart also noted the promising launch of Bitcoin ETF options, which could pave the way …
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