Billions of streams in Bitcoin ETFs: serious competition for trade fairs

American spot-bitcoin ETFs are now responsible for a significant part of the daily trade in Bitcoin (BTC). With volumes that run up to $ 10 billion a day, the funds compete with large fairs and emphasize their role in the institutional adoption of crypto.

ETF volumes grow fast

“Bitcoin’s spot trade volumes via American ETFs have grown into an important source of Bitcoin exposure.”

Thus Julio Moreno, head of research at Blockchain analysis company Cryptquant, on Thursday. According to him, the funds regularly generate between $ 5 and 10 billion in trade volume on active days, sometimes even more than most crypto fairs. This “reflects the growing institutional demand.”

Nevertheless, Binance still generates the majority of the total trade volume. The stock exchange saw the trade volume in Bitcoin recently risen to 18 billion dollars, while the volume of Ethereum (ETH) recorded around $ 11 billion on peak days.

According to Coinglass, the daily volume of the 11 American spot-bitcoin ETFs is currently 2.77 billion dollars, around 67 percent of the daily BTC spot volume on Binance ($ 4.1 billion). The total trade volume on Binance on all trading couples is around 22 billion dollars.

“American spot-bitcoin ETFs have become a dominant force in the cryptom markets and show their crucial role in pricing and institutional adoption,” said Nick Ruck, director at LVRG Research.

Difference between Bitcoin and Ethereum

The eleven American spot-bitcoin ETFs recorded a joint inflow of $ 571.6 million in four trading days this week, Coinglass said. The BlackRock Ishares Bitcoin Trust (IBIT) accounted for nearly 40 percent of it, with 223.3 million dollars. This happened, by the way, while Bitcoin fell by approximately 2.5 percent during that period.

Although the Bitcoin funds are doing strong, it has been Ethereum that is really in the spotlight lately. For weeks the Ethereum spot ETFs are generally better than the Bitcoin funds. This week too.

The Spot-Ethereum ETFs managed to realize $ 1.24 billion in inflow in the same period, more than double the BTC funds. In the past month, the ETH funds have already recorded more than 4 billion dollars in inflow. This amount is remarkable enough for 30 percent of the total inflow since the ETH funds were launched.