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
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.
Altcoins may be heading for deeper losses against Bitcoin, according to crypto market analyst Benjamin Cowen, who sees no signs of reversal in the broader trend.
Robert Kiyosaki, author of Rich Dad Poor Dad, has raised alarm bells once again—this time warning that the financial system may already be in the early stages of a historic downturn.
On Monday alone, U.S.-listed spot BTC ETFs recorded more than $250 million in outflows—the third straight day of withdrawals—suggesting a shift in sentiment as investors reassess their exposure.
In an effort to broaden its investor base, the ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, making shares more affordable for everyday investors.