The cumulative trading volume of U.S. spot Bitcoin exchange-traded funds (ETFs) has surpassed $750 billion, marking a significant milestone just one year after their debut in January 2024.
US Spot Bitcoin ETFs Surpass $750 Billion in Trading Volume Led by BlackRock’s IBIT
Following their highly anticipated launch, spot Bitcoin ETFs have experienced rapid growth, reaching $100 billion in cumulative trading volume by March 2024 and $200 billion by April, supported by Bitcoin’s rise to a new all-time high near $74,000.
However, as the broader crypto market entered a cooling phase, Bitcoin consolidated between $50,000 and $70,000 for nearly seven months, leading to a slowdown in ETF trading volume growth.
A major resurgence occurred after Donald Trump’s pro-crypto victory in the US presidential election on November 6, pushing Bitcoin to new highs and helping spot Bitcoin ETFs surpass the $500 billion milestone in a week.
As of the close of trading on Thursday, U.S. spot Bitcoin ETFs had reached $753.2 billion in cumulative volume.
This success places them among the most actively traded ETFs globally, competing with legacy financial products such as the Vanguard S&P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ) Nasdaq-100 Index.
Meanwhile, spot Ethereum ETFs launching in July 2024 have achieved a more modest figure of $55.5 billion in cumulative trading volume to date.
*This is not investment advice.
