US spot Bitcoin ETFs have shown rapid development, surpassing $500 billion in trading volume in less than a year since their launch.
Progress of Spot ETFs Since Launch
Spot Bitcoin ETFs have gained momentum, reaching $100 billion in trading volume in March and $200 billion in April. Bitcoin climbed to new record highs around $74,000 earlier this year.
Impact of Market Changes
Despite a cooling period with Bitcoin trading in the $50,000-$70,000 range, volume rose again after Donald Trump won the presidential election in November, known for his pro-crypto stance.
Achievements Compared to Major ETFs
The cumulative volume of spot Bitcoin ETFs reached $505.4 billion, placing them among the largest ETFs globally, competing with giants like Vanguard S&P 500 and Invesco QQQ Trust. Yesterday's trading activity totaled $7.9 billion, the fourth-highest day ever. BlackRock's IBIT led with a record trading volume of $5.2 billion.
Spot Bitcoin ETFs have quickly become a significant market component, drawing attention with their substantial trading volumes and competitiveness.
