Can U.S. Spot Bitcoin ETFs Keep Momentum After Hitting $500 Billion in Trading Volume?

U.S. spot Bitcoin ETFs have reached an impressive milestone, collectively surpassing $500 billion in trading volume just under a year since their debut in January.

Early momentum saw cumulative trading reach $100 billion by March and $200 billion by April, fueled by Bitcoin’s climb to nearly $74,000. After stabilizing between $50,000 and $70,000 in recent months, Bitcoin prices surged again following Donald Trump’s recent pro-crypto presidential win.

This Wednesday marked a key achievement for these Bitcoin ETFs, generating $7.9 billion in trading volume, their fourth-largest day since launch. BlackRock’s IBIT led the activity with $5.2 billion, while Fidelity’s FBTC and Grayscale’s GBTC saw $1.2 billion and $670 million, respectively.

IBIT has also risen to dominate market share, capturing 67% of volume compared to just 15% in January when Grayscale’s GBTC held the spotlight.4

READ MORE:

Traders Bet Big on Bitcoin Reaching $100,000

The resurgence in trading volume has been accompanied by net inflows, with $510 million added on Wednesday, bringing the weekly total to $2.4 billion. These inflows reflect a strong market response, with Bitcoin ETFs gathering $4.7 billion since the election and total net inflows hitting $28.3 billion to date.

According to The Block’s Bitcoin ETF Tracker, assets under management for U.S. spot Bitcoin ETFs now total approximately $89 billion, with BlackRock’s IBIT alone holding $41.1 billion.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.