Spot bitcoin ETFs launched in the United States in January continue to show record results. According to Yahoo Finance, cryptocurrency-based financial instruments exceeded the total trading volume of $100 billion on Friday. Despite the fact that it took more than a month for new products to reach the $50 billion mark, they mastered the second half of this path in about two weeks, which indicates a significant increase in activity in the market as a whole.

The growth in the volume of purchases and sales contributed to the establishment of a new historical maximum in the price of bitcoin. Spot bitcoin ETFs, being in constant growth, absorb bitcoin faster than it is mined. Recently, the price of BTC exceeded the previous record high of $69,044, which was accompanied by a significant increase in demand for this cryptocurrency.

After an impressive performance on Monday, when the daily trading volume of spot bitcoin ETFs almost reached $10 billion, their combined volume exceeded the $100 billion mark. According to The Block, over the past week, the total trading volume of spot bitcoin ETFs amounted to $22.3 billion.

Judging by the volumes, the most popular ETFs are funds from BlackRock, Fidelity and Grayscale. For example, Tuesday was the day of setting a new record for the daily inflow of funds into an ETF owned by BlackRock, which amounted to $788.3 million.

Eric Balchunas, senior ETF analyst at Bloomberg, opined that organic demand is the main driver of volume growth. He also believes that despite the possible difficulties in maintaining current turnover with spot bitcoin ETFs, large volumes usually lead to increased activity over time.

In addition to Grayscale, BlackRock and Fidelity also occupy leading positions in the market. For example, BlackRock's IBIT fund already manages more than $12 billion in assets. The Fidelity FBTC fund is also performing well with assets worth over $6 billion.

At the same time, there are spot bitcoin ETFs on the market from Bitwise, Ark 21Shares, Invesco, VanEck, Valkyrie, Franklin Templeton and WisdomTree.