U.S. spot\u00a0bitcoin exchange<\/a>-traded funds (ETFs) have surpassed $200 billion in cumulative trading volume since launching just three months ago.<\/p>\n

JUST IN: \ud83c\uddfa\ud83c\uddf8 US #Bitcoin<\/a> spot ETFs trading volume surpasses $200 billion within just 3 months. <\/p>\n

Asia is next \ud83d\ude80 pic.twitter.com\/VxQdQJEIjN<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) April 10, 2024<\/a><\/p>\n

According to data from The Block, the total volume for the SEC-approved funds crossed the $200 billion milestone on Tuesday. This comes after spot bitcoin ETFs saw\u00a0a record monthly volume of $111 billion<\/a> in March, triple that of February.<\/p>\n

The ETFs debuted on January 11th when bitcoin traded around $45,000. Since then, bitcoin has climbed to an all-time high above $73,000, buoying interest and trading activity.<\/p>\n

BlackRock’s IBIT leads the volumes, which now hold over 265,000 bitcoins worth more than $18 billion. IBIT comprises nearly 50% of the total spot ETF volume. Meanwhile, Grayscale’s GBTC and Fidelity’s FBTC rank second and third in market share.<\/p>\n

The success of U.S. spot bitcoin ETFs has prompted applications in other markets like Hong Kong. Regulators there are expected to approve the first\u00a0spot bitcoin ETFs<\/a> in Asia this month, potentially adding more volume.<\/p>\n

ETF providers cite surging institutional demand for regulated Bitcoin exposure. The funds present an easy vehicle for both retail and professional investors to gain bitcoin price exposure.<\/p>\n

The $200 billion cumulative volume indicates growing bitcoin’s maturation since the last bull run when ETF hopes were repeatedly dashed.<\/p>\n

The growth of bitcoin ETFs signals widening adoption by traditional finance, a mainstream integration that will likely persist as the asset class evolves.<\/p>","protected":false},"excerpt":{"rendered":"

U.S. spot\u00a0bitcoin exchange-traded funds (ETFs) have surpassed $200 billion in cumulative trading volume since launching just three months ago. JUST IN: \ud83c\uddfa\ud83c\uddf8 US #Bitcoin spot ETFs trading volume surpasses $200 billion within just 3 months. Asia is next \ud83d\ude80 pic.twitter.com\/VxQdQJEIjN \u2014 Bitcoin Magazine (@BitcoinMagazine) April 10, 2024 According to data from The Block, the total […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24574","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=24574"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/24574\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=24574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=24574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=24574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}