Bitcoin ETF · Bitcoin · Donald Trump · The Block
US spot Bitcoin ETFs set to hit $2 trillion cumulative trading volume milestone amid mounting outflows
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U.S. spot Bitcoin exchange-traded funds are closing in on $2 trillion in cumulative trading volume less than two and a half years after their debut in January 2024.
Key facts
- Spot Bitcoin ETF cumulative trading volume grew swiftly after launch, reaching the $100 billion mark by March 2024 and $200 billion the following month as bitcoin climbed to what was then an all-time
- Bitcoin (BTC) traded at around $63,750 on Friday, 's BTC price page, up 1% over the past 24 hours, but down 21% in the last month, 27% year-to-date, and around 50% since its all-time high near
- The spot Bitcoin ETFs now account for more than $76 billion in assets under management, ’s Bitcoin ETF Tracker Page, again led by BlackRock’s IBIT with around $49 billion in AUM
- Speaking to The Block at BTC Prague on Thursday, Bitwise Head of Research Europe André Dragosch attributed the recent sell-off primarily to roughly $2 billion in weekly exchange-traded product net
Summary
Spot Bitcoin ETF cumulative trading volume grew swiftly after launch, reaching the $100 billion mark by March 2024 and $200 billion the following month as bitcoin climbed to what was then an all-time high of nearly $74,000. Following pro-crypto Donald Trump's U.S. presidential election victory in November 2024, bitcoin reached new all-time highs again, with the spot Bitcoin ETFs surpassing the $500 billion cumulative volume milestone soon after. The Bitcoin ETFs' cumulative trading volume now sits at $1.99 trillion as of June 11, 's data dashboard, though bitcoin is now trading in a markedly different environment amid the broader crypto bear market.