Bitcoin News: Surge in Crypto ETF Filings and State-Level Bitcoin Reserve Initiatives
As the cryptocurrency market continues to evolve, 2025 is shaping up to be a pivotal year with the potential launch of more than a dozen crypto ETFs. Providers are exploring innovative, albeit riskier, strategies to attract investors. Notably, ProShares has filed for an ETF that would denominate S&P 500 returns in Bitcoin, signaling a significant integration of traditional finance with digital assets. Concurrently, the Satoshi Action Fund, co-founded by Dennis Porter, reports that at least 13 states are advancing 'Strategic Bitcoin Reserve' bills, highlighting a growing legislative embrace of Bitcoin at the state level. These developments underscore the increasing mainstream acceptance and regulatory engagement with cryptocurrencies.
More than a dozen crypto ETFs may be launched in 2025
Providers of exchange-traded funds are finding increasingly creative (and potentially riskier) ways to lure investors into the cryptocurrency craze. As 2024 comes to a close, the SEC has received a slew of filings for novel products, including an ETF from ProShares that would denominate S&P 500 returns in Bitcoin.
Satoshi Action Fund Co-Founder: At Least 13 States Are Enacting “Strategic Bitcoin Reserve” Bills
Dennis Porter, co-founder of the Satoshi Action Fund, has announced on the X platform that at least 13 states are currently enacting “strategic Bitcoin reserve” bills. This news comes as January is shaping up to be a record-breaking month for Bitcoin policy, indicating a growing trend of states adopting cryptocurrency reserves.
Deribit Macro Researcher Shares Market Insights for 2025
Deribit's macro researcher ADAm shared positive market sentiment for 2025, citing Optimism surrounding Trump's presidency and the deeper integration of mainstream finance with cryptocurrency. However, he cautioned that there may not be more positive news in the short term, and the market faces uncertainty due to the potential maintenance of no interest rate cut this month.
Bitcoin Turns 16: Investors Scoop Up $1 Billion BTC in 48 Hours
Despite investor sentiment remaining bullish, Bitcoin has seen a significant drop in supply on exchanges, signaling reduced selling pressure. Since the beginning of the year, accumulation has surged to $1 billion. Institutional interest in Bitcoin has also reached new highs, with net flows into spot BTC ETFs totaling $4.63 billion in December, significantly above the 2024 monthly average.
Bitcoin Prices Edge Lower, Binance Secures Brazil License
Bitcoin (BTC) traded around $96,500 on Friday after a weekly recovery of over 2.5%. Historical data shows average January returns of 3.35%. On-chain metrics indicate the bull market remains intact. Binance has secured its 21st global license in Brazil, strengthening its foothold in Latin America while complying with evolving crypto regulations.
