The cumulative trading volume of the US Bitcoin spot ETF has exceeded $500 billion

According to The Block, the cumulative trading volume of the US Bitcoin spot ETF has exceeded $500 billion since its launch in January 2024. This milestone coincides with a new high of $5 billion in daily trading volume for BlackRock's IBIT Bitcoin ETF. Since the beginning of this week, Bitcoin ETFs have had a net inflow of $2.4 billion. The trading volume of spot Bitcoin ETFs has grown rapidly since its launch in January, exceeding $100 billion in March and $200 billion in April this year. With the correction of the cryptocurrency market, the price of Bitcoin fluctuated in the range of $50000 to $70000 for several months, until the recent Trump victory drove the price above $90000, driving ETF trading volume to climb again. BlackRock's IBIT fund currently has a market share of 67% and an asset under management (AUM) of $41.1 billion. In addition, the trading volume of the US Ethereum spot ETF has also increased since its launch in July, with a daily trading volume of $702 million on November 13th, totaling $22.3 billion.