The Spot Bitcoin Exchange-Traded Funds (ETFs), launched in the US in January 2024, are expected to reach cumulative trading volume of $1 trillion within 18 months.
US Spot Bitcoin ETFs Close to Threshold of $1 Trillion Trading Volume
This impressive growth shows that interest in digital assets continues to be strong, both institutional and private investors.
The ETF, which saw a trading volume of $100 billion in the first two months of its launch, exceeded $200 billion in April 2024, but Bitcoin prices reached their highest level at $74,000 over that period.
However, for the next seven months, Bitcoin prices were consolidated in the $50,000-$70,000 range, but trading volume momentum slowed somewhat.
The market has revived after Crypto’s Donald Trump won the presidential election in November 2024. Bitcoin reached a new high, but ETF trading volume soon exceeded $500 billion.
In February 2025, this volume reached $750 billion. As of today (June 9th), the total transaction volume is $995.2 billion. With daily trading volumes ranging from $2.3 billion to $4.4 billion, the $1 trillion threshold is expected to be passed in a few days.
This growth will bring Spot Bitcoin ETFs to the same league as the largest and most established ETFs in the world, including the Vanguard S&P 500 ETF (VOO) and the Investco QQQ Trust (QQQ). In comparison, the Spot Ethereum ETF, launched in July 2024, has generated only $83.4 billion in total trading volume to date.
BlackRock’s IBIT Fund is leading the industry
The clear leader in the Spot Bitcoin ETF market is BlackRock’s iShares Bitcoin Trust (IBIT). IBIT had a market share of 22% at launch, but as of today it has risen to 79%.
BlackRock’s ETF also holds $120 billion worth of assets across the industry.
IBIT also surpassed the $70 billion AUM mark in just 341 trading days, breaking previous records for Gold-based SPDR Gold Stock (GLD) ETFs.
*This is not investment advice.
