US Spot Bitcoin ETFs Now Rival Major Exchanges in Trading Volume – CryptoQuant
United States-based spot Bitcoin exchange-traded funds (ETFs) have become a major driver of trading activity, generating between $5 bn and $10 bn in daily volume on active days, according to blockchain analytics firm CryptoQuant.
«Bitcoin spot trading volumes through US-based ETFs have become a significant source of investor exposure,» said Julio Moreno, CryptoQuant’s head of research.
The growth highlights rising institutional participation in crypto markets, with ETF volumes now comparable to, and sometimes exceeding, those of leading exchanges.
Binance still dominates overall spot trading, handling about $4.1 bn in daily Bitcoin volume and $22 bn across all pairs. By comparison, the 11 US spot Bitcoin ETFs currently account for $2.77 bn in daily trades, or roughly two-thirds of Binance’s Bitcoin spot activity, data from CoinGlass and CoinGecko show.
Ether ETFs, however, have been slower to gain traction. While Binance remains the top venue for ETH spot trading, US ETFs contribute just 4% of volumes. Still, inflows into Ether ETFs have recently outpaced those for Bitcoin, with $1.24 bn added over the past four trading days — more than double Bitcoin’s $571.6 mln.
Analysts say ETFs are increasingly shaping liquidity and price discovery in crypto markets.
Kursiv Uzbekistan also reports that David Bailey, entrepreneur and crypto adviser to U.S. President Donald Trump, has said that a Bitcoin bear market is unlikely for several years, citing record institutional interest in the asset.
