Bitcoin ETFs in the US now regularly generate between $5 and $10 billion in trading volume
US-based cryptocurrency exchange-traded funds (ETFs) are continuing to play a larger role in daily spot trading, with Bitcoin funds driving much of the activity. Analysts say these products have quickly become one of the main gateways for institutional investors seeking exposure to digital assets, reflecting how far the industry has come in bridging traditional finance with crypto markets.
According to CryptoQuant research head Julio Moreno, spot Bitcoin ETFs in the US now regularly generate between $5 billion and $10 billion in trading volume on active days. That level of activity often surpasses individual crypto exchanges, underscoring how deeply ETFs have penetrated investor portfolios. On Thursday, the combined daily volume of the 11 US spot Bitcoin ETFs was reported at $2.77 billion, equal to about two-thirds of Binance’s $4.1 billion in daily spot Bitcoin trades.
While Binance remains the overall leader in global spot trading volume with roughly $22 billion across all pairs, the growing influence of regulated ETFs highlights a shift in how liquidity is forming in the market. Industry observers note that ETF trading has become increasingly tied to Bitcoin’s price movements, positioning these funds as not just secondary products but as key players in price discovery.
Ethereum ETFs, however, are still in a different stage of adoption. Most Ether spot trading is concentrated on Binance and Crypto.com, with ETFs accounting for just 4% of the market. Even so, recent flows suggest momentum is building. Over the past four trading days, Ether ETFs have attracted $1.24 billion in inflows, more than double the $571.6 million seen by Bitcoin ETFs in the same period.
BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate Bitcoin ETF inflows, capturing around 40% of the recent capital. Analysts say the sustained demand shows ETFs are becoming a core infrastructure for institutional involvement, reshaping market liquidity and cementing their role as a long-term bridge between crypto and mainstream finance.
