US Bitcoin ETFs Are About to Hit $1 Trillion

• Bitcoin ETFs Near $1 Trillion in Sight
• BlackRock’s IBIT leads Bitcoin trading volume
• Ethereum ETFs total $83 billion so far

Spot Bitcoin index funds in the United States are on the verge of reaching a staggering $1 trillion in cumulative trading volume, less than 18 months after their official launch in January 2024.

The rapid rise of these ETFs was driven by strong inflows in the early months. By March 2024, the cumulative volume was already $100 billion, jumping to $200 billion the following month, accompanied by Bitcoin’s appreciation to a peak near $74.000. However, the pace slowed as the asset went through a period of consolidation, trading between $50.000 and $70.000 for seven consecutive months.

🔥 $ BTC hits gold in record time!

ETF of $ BTC BlackRock's $70 billion in just 341 days — 5x faster than the $ GLD (gold, 1.691 days).

This milestone reinforces the institutional appetite for $ BTC and consolidates its position as a strategic store of value asset. pic.twitter.com/fnNdjd6Nou

— Mynt (@myntcrypto) June 9, 2025

The resumption of growth occurred after the election of pro-crypto Donald Trump as US president in November. Bitcoin broke out of consolidation and set new all-time highs, pushing ETFs to the $500 billion mark in accumulated volume shortly thereafter. By February 2025, that number had already risen to $750 billion.

As of June 9, ETFs had already traded $995,2 billion in volume, while Bitcoin's price hovered around $109.850, close to its all-time high of $112.000. With an average daily volume of between $2,3 billion and $4,4 billion over the past week, the $1 trillion mark is expected to be reached in the coming days.

BlackRock’s IBIT fund has cemented its leadership in the sector, accounting for 79% of all spot Bitcoin ETF trading volume. Its share was initially just 22%, behind Grayscale’s GBTC, which had been converted into an ETF.

In total, spot Bitcoin ETFs currently have over $120 billion in assets under management (AUM), with IBIT accounting for around $70 billion of that amount.

Meanwhile, Ethereum ETFs, launched in July 2024, have so far raised $83,4 billion, a figure considerably lower than that of Bitcoin-based funds.