The cumulative trading volume of Bitcoin spot ETFs in the United States has exceeded 500 billion US dollars

According to The Block, the cumulative trading volume of the US Bitcoin spot ETF has exceeded $500 billion since its launch in January 2024. This milestone coincides with a new high of $5 billion in daily trading volume for BlackRock's IBIT Bitcoin ETF. Since this week, the Bitcoin ETF has had a net inflow of $2.4 billion.

The trading volume of the spot Bitcoin ETF has grown rapidly since it went live in January, breaking through $100 billion in March and reaching $200 billion in April. With the correction of the crypto market, bitcoin prices fluctuated between 50,000 and 70,000 dollars for several months until Trump's recent election victory drove prices above 90,000 dollars and pushed up ETF trading volumes again. BlackRock's IBIT fund currently holds a market share of 67%, with assets under management (AUM) reaching $41.1 billion.

In addition, since its launch in July, the US Ethereum spot ETF’s trading volume has also increased; on November 13th alone it reached $702 million bringing its total to approximately $22.3 billion.