Centralized exchanges and Bitcoin spot ETFs, launching in 2024, are becoming important players in the Bitcoin ecosystem, driving wider adoption. Among them, Binance and BlackRock’s Bitcoin Spot ETF (ticker: IBIT) stand out as market-shaping players.

Binance leads in Bitcoin spot trading volume and holds the largest Bitcoin reserves with 623,000 BTC, accounting for 19.7% of the reserves on exchanges. Meanwhile, BlackRock’s IBIT ETF dominates the ETF space with 434,000 BTC, accounting for more than 43.4% of all Bitcoin in spot ETFs.

Both organizations are major influencers in Bitcoin trading and investing, shaping the future of the market.