TL;DR
- US Bitcoin ETFs surpassed $500 billion in cumulative trading volume in less than a year.
- BlackRock leads the market with its IBIT Bitcoin ETF, which recorded a record daily volume of $5.2 billion.
- Bitcoin prices have soared, reaching $90,738 amid growing demand for crypto-based financial products.
In less than a year since their launch in January 2024, Bitcoin ETFs in the United States have reached a significant milestone, accumulating a trading volume of over $500 billion.
This unprecedented growth came as interest in these financial products continues to rise, driven by the acceptance of cryptoassets in the traditional financial market.
According to data from SoSoValue, Wednesday was a key day in this advance, with a daily trading volume of $7.9 billion between the different Bitcoin ETFs available in the US market.
BlackRock’s Bitcoin ETF, known as IBIT, has proven to be the standout in this competitive environment.
On Wednesday, this fund led the day’s activity with a record $5.2 billion in trading volume, cementing itself as the preferred choice for investors interested in direct exposure to the price of Bitcoin.
Since its introduction to the market, IBIT has quickly captured a considerable market share, with assets under management now exceeding $41 billion, placing it in the top 1% of all ETFs in terms of assets.
Interest in Bitcoin and Ethereum ETFs has not only attracted large trading volumes but has also boosted net investment flows.
This week alone, Bitcoin ETFs have recorded a total of $2.4 billion in net flows, a significant figure that reinforces the growing demand for these products among investors.
On a daily basis, BlackRock again led with $230.8 million in net flows, followed by Fidelity with its FBTC Bitcoin ETF, which added $186.1 million.
A milestone that reflects the growing institutional acceptance of Bitcoin
The performance of Bitcoin ETFs in the United States comes in a context of consolidation in the cryptoasset market, where Bitcoin has experienced a notable price increase, reaching $90,738 on Wednesday.
This recent rise in the value of the cryptocurrency coincides with the electoral victory of Donald Trump, who has shown a favorable stance towards the use of crypto technologies, which seems to have renewed interest in digital assets.
In addition to Bitcoin ETFs, Ethereum ETFs have also started to gain traction.
While volume is lower in comparison, Ethereum ETFs saw $146.9 million in net flows on Wednesday, led primarily by Fidelity’s FETH fund.
In total, Ethereum ETFs have accumulated $578.3 million in net flows this week, showing a growing acceptance of Ethereum as a viable option for institutional investors.
The introduction and growth of crypto-asset ETFs, such as those for Bitcoin and Ethereum, not only represent an access opportunity for the average investor, but also a sign of the maturation of the cryptocurrency sector as a whole.
Major asset managers such as BlackRock and Fidelity are playing a key role in this process, facilitating access to cryptoassets through regulated and recognized financial vehicles.
In this sense, ETFs have become a fundamental bridge between traditional markets and the crypto ecosystem, a trend that will surely continue to evolve in the near future.
