Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM on December 31, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.41 trillion US dollars, witnessing an increase of 0.0548% compared to yesterday; the total trading volume is 168.15 billion US dollars, marking a rise of 7.84% from the previous day.
According to Foresight News, Vitalik donated 50 $ETH to support Alexey Pertsev through Juice Box, as reported by on-chain information. In May of this year, Alexey Pertsev, co-founder of Tornado Cash, was sentenced to 64 months in prison by a Dutch court for money laundering. Alexey Pertsev has filed an appeal.
According to TechFlow news on December 31, based on HTX market data, Bitcoin has rebounded, breaking through $94,000, currently priced at $94,177.38, with a 24-hour increase of 2.21%.
According to Foresight News, several industry observers interviewed by CNBC have predicted the price of Bitcoin in 2025, with the highest expectation being that Bitcoin could rise to 250 thousand dollars. James Butterfill, the research director at CoinShares, stated that the price of Bitcoin in 2025 could be between 80 thousand and 150 thousand dollars. Matrixport indicated that Bitcoin could reach 160 thousand dollars by 2025. Alex Thorn, the research director at Galaxy Digital, expects Bitcoin to break through 150 thousand dollars in the first half of this year and reach 185 thousand dollars in the fourth quarter. The research director at Standard Chartered Bank predicts that Bitcoin will reach 200 thousand dollars by the end of 2025. Carol Alexander, a finance professor at the University of Sussex, believes that the price of Bitcoin could reach 200 thousand dollars next year. Youwei Yang, the chief economist at Bit Mining, expects the price of Bitcoin to be between 180 thousand and 190 thousand dollars in 2025. Sid Powell, CEO and co-founder of Maple Finance, predicts that Bitcoin's price will reach between 180 thousand and 200 thousand dollars by the end of 2025. Elitsa Taskova, chief product officer at Nexo, believes Bitcoin will reach 250 thousand dollars within a year.
Nate Geraci, CEO of ETF Store, emphasized that Crypto asset-related ETFs lead in capital inflows in 2024, with the largest 8 funds launched this year all belonging to this sector.
This list includes four spot $BTC ETFs, two Ethereum ETFs, and two MicroStrategy ETFs.
Over the past 12 months, these 8 funds have outperformed all approximately 740 ETFs.
BlackRock's spot $BTC ETF IBIT recorded over 37 billion USD in positive net inflow in less than a year, ranking first.
IBIT also became the best-performing ETF ever launched, accumulating nearly 53 billion USD in assets under management (AUM) within 11 months.
Fidelity's spot $BTC ETF FBTC ranked second with a total of 12.20 billion USD in inflows, while BlackRock's spot Ethereum ETF ETHA ranked third with 3.50 billion USD in positive net inflows.
This highlights the disparity in flows between $BTC and Ethereum ETFs, as the largest Ethereum ETF's inflows are 11 times lower than those of the largest $BTC fund.
The other two $BTC ETFs on the list are ARK 21shares's ARKB and Bitwise's BITB, which recorded inflows of 2.60 billion USD and 2.20 billion USD, respectively.
The first ETF related to MicroStrategy (YieldMax's MSTY) recorded the eighth largest net inflow of nearly 1.80 billion USD, followed closely by the second Ethereum ETF on the list (Fidelity's FETH) with slightly over 1.50 billion USD in net inflows.
Defiance's MSTX ranked in the top eight with 1.40 billion USD in inflows, becoming the second ETF related to MicroStrategy.
Analysts are optimistic about the prospects of US Crypto ETFs.
According to Bitwise estimates, $BTC ETFs alone are expected to attract 35 billion USD in inflows next year, exceeding 70 billion USD in total within less than two years.
Meanwhile, Bloomberg ETF analysts Eric Balchunas and James Seyffart anticipate a wave of new Crypto asset-related ETFs next year.
Additionally, Geraci recently predicted that the regulatory environment will become more favorable for the industry in the coming months, making it possible for a Solana (SOL) ETF to be approved by 2025.
According to data from Farside Investors, from November 6 to December 27, spot $BTC ETFs traded in the US recorded 12.10 billion USD in inflows, accounting for 34% of their capital flow this year to date.
This had an even more significant impact on spot Ethereum ETFs, which recorded 3.20 billion USD in inflows during the same period. These funds were enough to reverse a negative net flow of over 500 million USD for these funds, currently totaling nearly 2.70 billion USD.