{"id":18597,"date":"2024-11-14T17:01:35","date_gmt":"2024-11-14T15:01:35","guid":{"rendered":"https:\/\/forklog.com\/en\/spot-bitcoin-etfs-surpass-500-billion-in-trading-volume\/"},"modified":"2024-11-14T17:01:35","modified_gmt":"2024-11-14T15:01:35","slug":"spot-bitcoin-etfs-surpass-500-billion-in-trading-volume","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/spot-bitcoin-etfs-surpass-500-billion-in-trading-volume\/","title":{"rendered":"Spot Bitcoin ETFs Surpass $500 Billion in Trading Volume"},"content":{"rendered":"<p>Since the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approval<\/a> of spot Bitcoin ETFs in January, their trading volume reached $505.4 billion by November 13, according to <a href=\"https:\/\/www.theblock.co\/post\/326510\/us-spot-bitcoin-etfs-half-a-trillion-dollars-cumulative-trading-volume\">The Block<\/a>.<\/p>\n<p>The $100 billion mark was surpassed by March and $200 billion by April, when Bitcoin reached its <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span><a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surpasses-72000-mark\"> of $74,000<\/a> for the first time this year.<\/p>\n<p>Subsequently, the growth trajectory slowed somewhat as the price consolidated between $50,000 and $70,000 over the next seven months.<\/p>\n<p>Activity picked up again after reaching new all-time highs following the election victory of cryptocurrency advocate Donald Trump in the United States.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1299.webp\" alt=\"1-1299\" class=\"wp-image-245266\"\/><figcaption class=\"wp-element-caption\">Source: The Block.<\/figcaption><\/figure>\n<p>Increased interest in BlackRock&#8217;s IBIT accelerated the milestone of $500 billion. On November 13, the product&#8217;s trading volume hit a new record of <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">$5.37 billion<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIBIT&#8217;s trading volume reached $5 billion for the first time ever. Only three ETFs and eight stocks were more active today. Up to $13 billion over three days this week. Its peers are also seeing increased volume, but on a smaller scale. FBTC achieved $1 billion, the highest since March,\u201d commented Bloomberg analyst Eric Balchunas.<\/p>\n<\/blockquote>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I thought things were cooling off, but no, <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> just saw $5b in volume today for first time ever. Only 3 ETFs and 8 stocks saw more action today. Up to $13b in 3 days this week. Its peers seeing heightened volume too but smaller scale. <a href=\"https:\/\/twitter.com\/search?q=%24FBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FBTC<\/a> did $1b, biggest day since March. <a href=\"https:\/\/t.co\/9SQP5oPsMM\">pic.twitter.com\/9SQP5oPsMM<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1856807072475877469?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Total turnover across all instruments on November 13 reached $8.07 billion \u2014 the fourth-largest result since launch and the highest since the previous peak in March.<\/p>\n<p>Inflows amounted to $510.11 million, with $230.9 million attributed to IBIT and $186.1 million to Fidelity&#8217;s FBTC.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-941.webp\" alt=\"2-941\" class=\"wp-image-245267\"\/><figcaption class=\"wp-element-caption\">Source: SoSoValue.<\/figcaption><\/figure>\n<p>Cumulative inflows since the approval of BTC-ETFs in January have increased to $28.2 billion, including $4.7 billion following Trump&#8217;s victory.<\/p>\n<p>The <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of the products rose to $95.4 billion, with IBIT accounting for $42.6 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-527.webp\" alt=\"3-527\" class=\"wp-image-245268\"\/><figcaption class=\"wp-element-caption\">Source: SoSoValue.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIBIT surpassed the $40 billion mark (just two weeks after reaching $30 billion) in a record 211 days. The fund broke the previous record of 1,253 days held by IEMG. It is now in the top 1% of all ETFs by assets, and at 10 months old, it is larger than all 2,800 ETFs launched in the past ten years,\u201d<\/em> calculated Balchunas.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUGGERNAUT: <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by <a href=\"https:\/\/twitter.com\/search?q=%24IEMG&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IEMG<\/a>. It&#8217;s now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years. <a href=\"https:\/\/t.co\/WTATlpShUq\">pic.twitter.com\/WTATlpShUq<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1856677642776228029?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Daniel Chung, co-founder of Syncracy Capital, has predicted the launch of a SOL-ETF in the first quarter of 2025 following Donald Trump&#8217;s victory in the U.S. presidential election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the approval of spot Bitcoin ETFs in January, their trading volume reached $505.4 billion by November 13, according to The Block. The $100 billion mark was surpassed by March and $200 billion by April, when Bitcoin reached its ATH of $74,000 for the first time this year. Subsequently, the growth trajectory slowed somewhat as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1145],"class_list":["post-18597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18597"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18596"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}