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

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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