US Bitcoin ETFs Poised To Cross $1 Trillion In Record Time!
What many thought unlikely is now becoming reality: the US spot Bitcoin ETFs are about to cross the symbolic threshold of $1 trillion in transaction volume. In less than 18 months, these financial products have disrupted the stock market landscape, establishing bitcoin as a must-have asset in traditional markets. A meteoric rise driven by unprecedented institutional enthusiasm.
In Brief
- US spot Bitcoin ETFs reach $1 trillion in volume in less than 18 months.
- BlackRock crushes competition with 79% market share via its IBIT fund.
- Bitcoin establishes itself as a major institutional asset.
Bitcoin: a meteoric ascent to the top
In less than 18 months, US spot Bitcoin ETFs have exceeded all expectations, flirting with a cumulative transaction volume of $1 trillion. A performance that is no small feat in a still young and often deemed unpredictable market. This astronomical figure, far from being a mere statistical milestone, especially marks a new era for the institutional adoption of BTC.
Since their launch in January 2024, these products had a thunderous start: $100 billion traded by March, then $200 billion by April, while bitcoin shattered its previous record reaching close to $74,000.
The following period was a bit more tempered, with the market entering a prolonged consolidation phase. But this apparent calm masked a silent rise in momentum.
Then, the unexpected trigger: Donald Trump’s electoral victory in November, seen as a political green light for crypto expansion. Following this, Bitcoin ETFs exploded again, surpassing $500 billion, then $750 billion in February. Today, at $995.2 billion, the story is being written live. And at a pace of $2.3 to $4.4 billion per day, the symbolic trillion threshold already seems behind us.
BlackRock: the giant that took it all
Behind this wave, one name comes up relentlessly: BlackRock, via its IBIT fund. Starting modestly with 22% market share at launch, IBIT now dominates unchallenged with 79% of the trading volume. An overwhelming supremacy, relegating its competitors to mere extras, even Grayscale and its converted GBTC, a pioneer in the sector.
In terms of assets under management, BlackRock’s dominance is equally clear: $70 billion of the $120 billion total held by all US spot Bitcoin ETFs. A performance all the more spectacular as it was achieved in only 341 trading days, smashing the previous record held by the GLD gold-based fund, which took… 1,691 days.
This success is not only due to BlackRock’s firepower. It is also the result of a unique confluence: bitcoin rising from $30,000 — at the time of IBIT’s filing — to over $110,000 today. That’s a return seven times greater than the S&P 500. For those who still doubted bitcoin’s legitimacy in a long-term portfolio, the numbers speak for themselves.
The approach of the $1 trillion mark for US spot Bitcoin ETFs is not just an accounting record. It is a strong signal: that of a once marginal asset fully entering the pantheon of global investment vehicles. The race is only beginning. Driven by growing momentum, bitcoin has yet to reveal its full potential. Its growing scarcity could well fuel a new spectacular surge.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.