Investment management firm VanEck, one of 12 companies applying for a spot bitcoin (BTC) exchange-traded fund (ETF), believes approval of all such applications will be "imminent."

In a recent analysis, the company is convinced that bitcoin ETFs in the United States will be launched in January next year. Faced with that possibility, VanEck assures that the most astute institutional investors are taking positions to take advantage of what is coming.

This has been demonstrated by the accumulation of BTC by institutional funds, which reached a new all-time high of 863,434 BTC, equivalent to $31 billion, according to the current price of the asset.

This surpasses the previous record of 841,316 BTC ($30 billion) set in April 2022. The funds have added around 22,100 bitcoins, representing an increase of 2.6%

The institutional inflow was also reflected in the Chicago Mercantile Exchange (CME). The volume of BTC futures trading on CME also reached all-time highs days ago, with an increase of 73.4%, the highest since last April. This represents about $44.1 billion.

All the attention generated by ETFs has boosted bitcoin's price as the date approaches for applicant companies to receive approval or rejection from the U.S. Securities Exchange Commission (SEC).

In addition to funds, VanEck believes that bitcoin is also attracting the attention of potential investors who directly acquire the digital asset, due to its good performance.