Spot Bitcoin ETFs in the United States continue to break records. And the demand for Bitcoin from Wall Street only seems to be accelerating.
What’s happening:
- Spot Bitcoin ETFs listed on major stock exchanges in the United States have now traded more than $200B USD in cumulative volume since initially launching
Why it matters:
- Spot Bitcoin ETFs represent the first opportunity for institutional capital and traditional public markets capital allocators in the United States to participate in owning Bitcoin in a regulated capacity
- The true demand for Bitcoin ownership from institutions and funds was one of the largest looming catalysts for crypto, which has now seen significant validation with the continual inflows of new capital into spot Bitcoin ETFs
By the numbers:
- In the last month alone, cumulative trading volumes on spot Bitcoin ETFs has soared from $100B USD to over $200B USD
- BlackRock’s spot Bitcoin ETF (NASDAQ: IBIT) has captured the vast majority of market share, owning approximately 50% of the entire market share of spot Bitcoin ETFs in the United States
- BlackRock’s spot Bitcoin ETF owns more than 250,000 Bitcoin presently
Going deeper:
- Riding the momentum for spot Bitcoin ETFs in the United States, the London Stock Exchange is launching Exchange Traded Notes for digital assets including Bitcoin in an effort to provide deeper access to crypto for institutional capital in the United Kingdom
