Summary
- It was announced that the cumulative trading volume of the US Bitcoin spot ETF is approaching $1 trillion.
- Notably, BlackRock IBIT has expanded its market share to over 79%, reportedly dominating the Bitcoin ETF market.
- The total assets under management (AUM) have also surpassed $70 billion, making BlackRock IBIT the overwhelming number one.
The cumulative trading volume of US Bitcoin (BTC) spot exchange-traded funds (ETF) has approached $1 trillion.
On the 10th (local time), The Block reported, "US Bitcoin spot ETFs have reached nearly $1 trillion in cumulative trading volume after just 18 months since launch." The article added, "Given the daily trading volumes last week, the $1 trillion mark could be surpassed within a few days." The current cumulative trading volume stands at $995.2 billion.
Particular attention was paid to the growth of BlackRock’s Bitcoin spot ETF, IBIT. The outlet stated, "IBIT continues to dominate the Bitcoin ETF market," and added, "While its market share was 22% at launch, it now exceeds 79%." It further mentioned that its total assets under management (AUM) have surpassed $70 billion, firmly ranking it at the top.
Son Min
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