Spot bitcoin ETFs to hit $1 trillion in trading volume

$1T

Spot bitcoin ETFs, which were launched in January 2024, are set to reach an eye-popping $1 trillion in trading volume, according to The Block. The ETFs collectively hit $995.2 billion yesterday and are likely to pass the symbolic trillion mark today.

BlackRock’s iShares Bitcoin Trust, the darling of bitcoin ETFs, leads the pack in terms of trading volume, with a 79% market share. Just yesterday, Bloomberg’s Eric Balchunas noted that the ETF crossed $70 billion in assets under management, becoming the fastest ETF to hit that milestone. The ETF, with 662,771 bitcoin, also holds more bitcoin than Strategy, the largest corporate holder, which has 582,000 bitcoin.

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