Spot Bitcoin ETF Trading Volume Surpasses $750 Billion

Just over a year after the initial launch in the US, the cumulative trading volume of spot Bitcoin ETFs has exceeded $750 billion.

The corresponding figure for Ethereum-based exchange-traded funds is much more modest—$56.15 billion, as of February 21.

The share of BlackRock’s IBIT Bitcoin fund in the overall figure has reached 75%, although it initially accounted for only 25%.

The total assets under management for Bitcoin ETFs exceed $110 billion, according to SoSoValue. The figure for IBIT alone is approximately $56 billion.

However, amid worsening market conditions and declining investor sentiment, the segment is experiencing negative trends. Analysts at The Block observed that this month alone, the net outflow from exchange-traded funds amounted to $886 million.

In the fourth quarter, institutional investors poured $38.7 billion into Bitcoin ETFs.