US Bitcoin ETFs Gain a Major Share in Spot BTC Trading

United States-based spot Bitcoin exchange-traded funds (ETFs) are emerging as a major driver of trading activity, reflecting the growing role of institutional investors in the crypto market. “Bitcoin spot trading volumes through US-based ETFs have become a significant source of investor exposure to Bitcoin,” said Julio Moreno, head of research at CryptoQuant, on ￰0￱ active days, these ETFs collectively generate between $5 billion and $10 billion in daily trading volume, occasionally surpassing activity on some of the largest global ￰1￱ to Moreno, this trend underscores a steady rise in institutional demand for BTC through regulated investment ￰2￱ Remains the Market Leader Despite the momentum of US ETFs, Binance still dominates global spot trading ￰3￱ exchange handles around $4.1 billion in daily BTC trading volume, nearly 67% higher than the $2.77 billion attributed to the 11 US spot Bitcoin ETFs, data from CoinGlass shows.

Binance’s total spot trading across all pairs averages roughly $22 billion per day, far outpacing any single ETF ￰4￱ peak days, Bitcoin trading volumes on the exchange have reached $18 billion, while Ether has seen up to $11 billion in ￰5￱ trading, in particular, remains concentrated on centralized ￰6￱ leads, followed by Crypto. com, while Ethereum ETFs account for just 4% of the spot market—ranking sixth in total ￰7￱ indicates that institutional adoption of ETH through ETFs is progressing more slowly compared to ￰8￱ Show Shifting Investor Preferences Recent trading flows highlight a divergence in investor sentiment between Bitcoin and ￰9￱ the past four trading days, US spot BTC ETFs recorded inflows totaling $571.6 million, according to ￰10￱ slowdown coincided with a 2.5% decline in BTC price since Monday, with the cryptocurrency trading around $111,600 at the time of ￰11￱ ETFs attracted $1.24 billion in inflows during the same period—more than double the amount that flowed into BTC ￰12￱ products have not recorded a single day of net outflows since Aug. 20 and have amassed over $4 billion in inflows this month ￰13￱ represents 30% of the total inflows since their launch 13 months ￰14￱ Bitcoin ETFs continue to lead in trading volume, the rapid rise in Ether ETF participation suggests institutional investors are broadening their exposure beyond BTC as confidence in crypto investment products grows.