29-8-2025 – United States-based spot Bitcoin exchange-traded funds have captured a substantial portion of daily spot trading activity, highlighting the rising interest from institutional investors in cryptocurrency. These ETFs now account for billions in daily volumes, often reaching $5 billion to $10 billion on high-activity days and occasionally outpacing volumes on traditional crypto exchanges, according to Julio Moreno, head of research at CryptoQuant, who shared these insights on Thursday.
While Binance remains the global leader in spot trading with around $4.1 billion in Bitcoin volume and $22 billion across all pairs daily, the ETFs represent about 67% of Binance’s Bitcoin spot activity, based on data from CoinGlass and CoinGecko. This trend signals strong institutional demand for Bitcoin, with experts like Nick Ruck, director at LVRG Research, the funds play a key role in price discovery and broader adoption.
In contrast, Ethereum spot trading via ETFs lags significantly at just 4% of the market, mostly dominated by Binance and Crypto.com, pointing to slower institutional uptake for Ether compared to Bitcoin. Recent data shows a divergence in performance. Over the past four trading days, Bitcoin ETF inflows have totaled $571.6 million, with BlackRock’s iShares Bitcoin Trust leading at $223.3 million, even as Bitcoin’s price dipped 2.5% to $111,600 amid cooling market sentiment.
Ether ETFs, however, have drawn $1.24 billion in inflows during the same period—more than double Bitcoin’s—contributing to over $4 billion this month and marking no net outflows since August 20. This shift underscores how ETFs are influencing spot market liquidity and aligning closely with underlying asset prices, as Ruck observed.
