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U.S. spot\u00a0bitcoin exchange<\/a>-traded funds (ETFs) have surpassed $200 billion in cumulative trading volume since launching just three months ago.<\/p>\n JUST IN: \ud83c\uddfa\ud83c\uddf8 US #Bitcoin<\/a> spot ETFs trading volume surpasses $200 billion within just 3 months. <\/p>\n Asia is next \ud83d\ude80 pic.twitter.com\/VxQdQJEIjN<\/a><\/p>\n — Bitcoin Magazine (@BitcoinMagazine) April 10, 2024<\/a><\/p><\/blockquote>\n According to data from The Block, the total volume for the SEC-approved funds crossed the $200 billion milestone on Tuesday. This comes after spot bitcoin ETFs saw\u00a0a record monthly volume of $111 billion<\/a> in March, triple that of February.<\/p>\n The ETFs debuted on January 11th when bitcoin traded around $45,000. Since then, bitcoin has climbed to an all-time high above $73,000, buoying interest and trading activity.<\/p>\n BlackRock’s IBIT leads the volumes, which now hold over 265,000 bitcoins worth more than $18 billion. IBIT comprises nearly 50% of the total spot ETF volume. Meanwhile, Grayscale’s GBTC and Fidelity’s FBTC rank second and third in market share.<\/p>\n The success of U.S. spot bitcoin ETFs has prompted applications in other markets like Hong Kong. Regulators there are expected to approve the first\u00a0spot bitcoin ETFs<\/a> in Asia this month, potentially adding more volume.<\/p>\n ETF providers cite surging institutional demand for regulated Bitcoin exposure. The funds present an easy vehicle for both retail and professional investors to gain bitcoin price exposure.<\/p>\n The $200 billion cumulative volume indicates growing bitcoin’s maturation since the last bull run when ETF hopes were repeatedly dashed.<\/p>\n The growth of bitcoin ETFs signals widening adoption by traditional finance, a mainstream integration that will likely persist as the asset class evolves.<\/p>\n\n