Bitcoin Exchange Traded Funds (ETF) Approaches Critical Level in Trading Volume! Here Are the Details

Spot Bitcoin exchange-traded funds (ETFs), which launched in the US in January 2024, are on track to reach $1 trillion in cumulative trading volume in less than 18 months.

US Spot Bitcoin ETFs Near $1 Trillion Trading Volume Threshold

This impressive growth demonstrates that interest in digital assets continues to be strong among both institutional and individual investors.

ETFs, which saw a trading volume of $100 billion in the first two months after launch, exceeded $200 billion in April 2024, while the Bitcoin price reached its highest level in that period at $74,000.

However, over the following seven months, the Bitcoin price consolidated in the $50,000–$70,000 range, while the momentum in trading volume slowed somewhat.

The market was revived after pro-crypto Donald Trump won the presidential election in November 2024. While Bitcoin reached new highs, the trading volume of ETFs quickly exceeded $500 billion.

In February 2025, this volume reached $750 billion. As of today (June 9), the total transaction volume is $995.2 billion. With a daily transaction volume of $2.3 to $4.4 billion, the $1 trillion threshold is expected to be passed in a few days.

This growth puts spot Bitcoin ETFs in the same league as the world’s largest and most established ETFs, such as the Vanguard S&P 500 ETF (VOO) and Invesco QQQ Trust (QQQ). In comparison, spot Ethereum ETFs, which launched in July 2024, have generated only $83.4 billion in total trading volume to date.

BlackRock’s IBIT Fund Leads the Industry

The clear leader in the spot Bitcoin ETF market is BlackRock’s iShares Bitcoin Trust (IBIT). IBIT had a 22% market share at launch, but as of today, it has risen to 79%.

BlackRock’s ETF also alone holds $70 billion of the $120 billion in assets under management across the industry.

IBIT also surpassed the $70 billion AUM mark in just 341 trading days, breaking the previous record of the gold-based SPDR Gold Shares (GLD) ETF, which had a trading record of 1,691 days, by quintuple.

*This is not investment advice.