PANews reported on November 14 that according to The Block, the cumulative trading volume of the US Bitcoin spot ETF has exceeded US$500 billion since its launch in January 2024. This milestone coincided with the single-day trading volume of BlackRock's IBIT Bitcoin ETF hitting a new high of US$5 billion. Since this week, Bitcoin ETFs have had a net inflow of US$2.4 billion.
The trading volume of spot Bitcoin ETF has grown rapidly since its launch in January, exceeding $100 billion in March this year and reaching $200 billion in April. As the crypto market pulled back, the price of Bitcoin fluctuated between $50,000 and $70,000 for several months, until Trump's recent victory drove the price above $90,000, pushing ETF trading volume up again. BlackRock's IBIT fund currently has a market share of 67% and an asset management scale (AUM) of $41.1 billion.
In addition, the trading volume of the US Ethereum spot ETF has also increased since its launch in July, with a single-day trading volume of US$702 million on November 13 and a cumulative total of US$22.3 billion.
