Spot Bitcoin ETFs in the US reach high trading volume
Spot bitcoin exchange-traded funds (ETFs) in the U.S. have reached over $200 billion in total trading volume within three months of their launch. Bitcoin rose to a record price of over $73,000 during this period, increasing interest and investment activity.
The leading players in the market
BlackRock's IBIT, which holds about half of all spot ETF volumes traded, is at the forefront, followed by Grayscale's GBTC and Fidelity's FBTC.
Global trend and acceptance of Bitcoin ETFs
The success in the US has led to applications for similar ETFs in Asia, with Hong Kong expected to approve its first soon. This rise in ETFs reflects the wider adoption of Bitcoin in traditional finance and suggests this trend will continue as the cryptocurrency market develops.
