Bitcoin Price: Slight Price Fall
As of 5:17 PM today (December 29), Bitcoin - the world's largest electronic currency - according to market value slightly decreased by 0.03%, reaching 87,847.75 USD.
This new price contributed to keeping market capitalization unchanged, trading at the $1.754 billion mark. Meanwhile, trading volume in 24 hours reached the threshold of $35.35 billion, an increase of $21.85 billion.
Perspectives and forecasts
Bitcoin funds recorded explosive growth in their second year of operation.
According to Dune Analytics, since its launch in January 2024, spot Bitcoin ETF funds have attracted more than 137 billion USD of managed assets. Currently, these funds hold nearly 7% of the total Bitcoin supply.
Market observers predict that investment capital in Bitcoin funds will continue to increase in the coming year.
Mr. Andre Dragosch - Research Director at Bitwise shared: "2026 will be a great year for Bitcoin and cryptocurrencies. We will witness a strong increase in net capital flow into Bitcoin ETF funds.
According to Mr. Dragosch, there are 3 main drivers driving this trend: The legal framework is becoming clearer, expectations that the US Federal Reserve (Fed) will cut interest rates, along with major financial institutions and reputable asset administrators promoting the distribution of cryptocurrency products to customers.
In addition, history also brings a positive precedent.
When the gold ETF fund was launched in 2004, the largest capital flow actually poured in strongly two years later, in 2006.
When forecasting developments in the coming year, Mr. Dragosch pointed out a noteworthy historical model: "We are entering the third year - 2026 since its launch, a period that in history often records accelerated capital flows compared to previous years.
According to Mr. Dragosch, the "game-changing" factor for Bitcoin ETF funds in 2026 is product distribution capacity.
Many large asset management companies that were previously outside the game have now begun to open up to access.
Notably, Bitcoin ETF funds can now also be included in 401(k) retirement programs and defined contribution models, thereby opening up opportunities to access capital of up to trillions of USD currently in retirement funds.
Mr. Mike Marshall - Head of Research at Amberdata believes that institutional capital will flow even stronger into the market.
More than 80% of organizations plan to increase their allocation to cryptocurrencies, of which 59% target over 5% of the portfolio, thereby possibly pushing the total assets of Bitcoin ETF funds to about 180-220 billion USD" - Mr. Marshall said.
If Bitcoin ETF assets reach the milestone of 180-220 billion USD, this will be a very large growth compared to the present, when this figure is only around 147 billion USD.
In Vietnam, the cryptocurrency asset market has been piloted since September 9, the pilot implementation period is 5 years.
However, organizations and individuals participating in the cryptocurrency asset market must comply with relevant legal regulations on preventing and combating money laundering, terrorist financing, financing the dissemination of weapons of mass destruction, electronic transactions, network information security, network security, data protection to ensure security and safety in the cryptocurrency asset market and other relevant specialized laws.
