U.S. spot Bitcoin exchange-traded funds are approaching $2 trillion in cumulative trading volume as of June 11, less than two and a half years after their debut in January 2024. The cumulative trading volume now sits at $1.99 trillion, with the milestone expected as early as Friday based on current daily trading volume of $2 billion to $5 billion registered over the past week. The achievement comes amid mounting outflows, with the funds witnessing $7.6 billion in net outflows since bitcoin's all-time high near $126,000 in October and $3 billion in net outflows year-to-date.
Bitcoin ETFs Reached Volume Milestones from Launch Through 2025
Spot Bitcoin ETF cumulative trading volume grew swiftly after launch, reaching the $100 billion mark by March 2024 and $200 billion the following month as bitcoin climbed to what was then an all-time high of nearly $74,000. Following Donald Trump's U.S. presidential election victory in November 2024, the spot Bitcoin ETFs surpassed the $500 billion cumulative volume milestone soon after. The funds reached the $750 billion mark in February 2025, before hitting the $1 trillion mark almost exactly a year ago.
The metric places the cohort among some of the largest and most actively traded ETF products in the world, including the Vanguard S&P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ) Nasdaq-100 Index. In contrast, the U.S. spot Ethereum ETFs, launched in July 2024, have generated a cumulative trading volume of $466.3 billion. The newer Solana ETFs have generated $10.5 billion, the XRP ETFs $4 billion, and the Hyperliquid ETFs $838.6 million.
BlackRock IBIT Commands 73.7% Market Share as of June 11
BlackRock's IBIT dominates the spot Bitcoin ETF market by trading volume. IBIT has grown from around a 22% market share at launch to 73.7% as of June 11. The spot Bitcoin ETFs now account for more than $76 billion in assets under management, led by BlackRock's IBIT with around $49 billion in AUM.
Last year, IBIT became the fastest ETF to reach $70 billion in AUM, according to Bloomberg Senior ETF Analyst Eric Balchunas. The fund accomplished the milestone in just 341 trading days, five times faster than the former record holder GLD, the SPDR Gold Shares gold-based ETF, which surpassed $70 billion in 1,691 days. The combined spot Ethereum ETFs have attracted roughly $8.8 billion in AUM.
Bitcoin ETFs Record $7.6 Billion Net Outflows Since October High
The spot Bitcoin ETFs have added a cumulative $53.9 billion since launch. BlackRock's IBIT has dominated the flows, accounting for $62.2 billion of the net figure alone. The total figure is offset by more than $26.8 billion in net outflows from Grayscale's converted and higher-fee product, GBTC.
Amid the current bear market, the spot Bitcoin ETFs have seen $7.6 billion in net outflows since the cryptocurrency's all-time high of around $126,000 in October, and $3 billion in net outflows year-to-date, including a recent $4.3 billion, 13-day negative streak. The spot Ethereum ETFs have registered $11.2 billion in cumulative net inflows, led by BlackRock's ETHA. They have witnessed $1.1 billion in net outflows so far in 2026, including a 17-day, $900 million streak that ended on June 3.
Bitcoin traded at around $63,750 on Friday, up 1% over the past 24 hours, but down 21% in the last month, 27% year-to-date, and around 50% since its all-time high near $126,000 in October. Bitwise Head of Research Europe André Dragosch attributed the recent sell-off primarily to roughly $2 billion in weekly exchange-traded product net outflows at BTC Prague on Thursday. BlackRock filed a Form 8-A for its new iShares Bitcoin Premium Income ETF on Thursday, with Bloomberg Analyst Eric Balchunas saying the filing signals an imminent launch.
FAQ
What cumulative trading volume have US spot Bitcoin ETFs reached as of June 11?
U.S. spot Bitcoin ETFs reached $1.99 trillion in cumulative trading volume as of June 11, less than two and a half years after their debut in January 2024. At the current rate of $2 billion to $5 billion in daily trading volume registered over the past week, the $2 trillion milestone could be surpassed as early as Friday.
How much market share does BlackRock's IBIT hold in the spot Bitcoin ETF market?
BlackRock's IBIT holds 73.7% market share as of June 11. The fund has grown from around a 22% market share at launch and now commands around $49 billion in assets under management out of the total $76 billion held by all spot Bitcoin ETFs.
What net outflows have Bitcoin ETFs experienced since the October all-time high?
The spot Bitcoin ETFs have seen $7.6 billion in net outflows since bitcoin's all-time high of around $126,000 in October, and $3 billion in net outflows year-to-date. This includes a recent $4.3 billion, 13-day negative streak, one of the longest outflow runs since launch.
