U.S. Spot Bitcoin ETFs Hit $750 Billion in Trading Volume Within One Year
In just one year, U.S. spot Bitcoin exchange-traded funds (ETFs) have crossed a major milestone, exceeding $750 billion in total trading volume since their introduction in January 2024.
After launching to much anticipation, spot Bitcoin ETFs rapidly gained traction, reaching $100 billion in volume by March 2024 and doubling that figure by April, fueled by Bitcoin’s surge to an all-time high close to $74,000.
However, as the overall crypto market slowed down, Bitcoin’s price consolidation between $50,000 and $70,000 for several months resulted in a dip in ETF trading activity.
A major rebound occurred after the U.S. presidential election in November 2024, with Bitcoin’s rally following Donald Trump’s pro-crypto stance, propelling spot Bitcoin ETFs past the $500 billion mark in just one week.
By the end of trading on Thursday, U.S. spot Bitcoin ETFs had reached a cumulative volume of $753.2 billion.
This makes them among the most traded ETFs in the world, rivaling traditional financial products like the Vanguard SP 500 ETF (VOO) and the Invesco QQQ Trust (QQQ) Nasdaq-100 Index.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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