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Last Updated on December 13, 2024 The approval of Bitcoin ETFs has been one of the most exciting milestones in the crypto investment.
After persistent efforts from investors, Bitcoin ETFs were finally approved in January 2024.
Since then, Bitcoin ETFs have quickly gained popularity as a new way to trade Bitcoin, offering an accessible and regulated alternative.
However, since it’s the first of its kind, many investors still have concerns and questions.
To address these uncertainties, we’ve gathered data and statistics from verified sources demonstrating Bitcoin ETFs’ success and growing adoption.
Check out the data below for a deeper understanding of Bitcoin ETFs’ market landscape and performance.
Spot Bitcoin ETF Volume
As of September 2024, the total spot Bitcoin ETF trading volume is approximately $446.08 billion.
Within three months of its approval in early April 2024, the trading volume reached $184.62 billion. The volume surged by 141.65% from April to September in just five months.
The significant growth within such a short period suggests that institutional and retail investors are embracing Bitcoin ETFs as a new, regulated way to gain exposure to the cryptocurrency market.
| Month | Spot Bitcoin ETF Volume |
| January 2024 | $28.26 billion |
| February 2024 | $70.47 billion |
| March 2024 | $181.58 billion |
| April 2024 | $239.97 billion |
| May 2024 | $278.73 billion |
| June 2024 | $311.75 billion |
| July 2024 | $349.4 billion |
| August 2024 | $389.57 billion |
| September 2024 | $446.08 billion |
Bitcoin ETF Assets Under Management
As of the latest report in September 2024, the total assets under management (AUM) for Bitcoin ETFs stand at $51.35 billion. Earlier in the year, on March 18, 2024, Bitcoin ETF AUM reached an all-time high of $61.16 billion.
Although Bitcoin ETF assets dropped from their peak in March 2024, the sector still holds significant investment value, showing resilience and continued interest from investors.
Assets under Management By Bitcoin ETF Providers
In September 2024, IBIT led the way with the highest assets under management (AUM), reaching $24.57 billion.
Following closely, GBTC secured the second spot with an AUM of $14.64 billion, while FBTC took third place with $14.59 billion.
| Bitcoin ETF Provider | AUM |
| IBIT | $24.57 billion |
| GBTC | $14.64 billion |
| FBTC | $14.59 billion |
| BITB | $2.62 billion |
| ARKB | $2.54 billion |
Spot & Futures Bitcoin ETF Market Share
In September 2024, the spot Bitcoin ETF dominated the market, holding 92.31% of the total market share, while the futures Bitcoin ETF accounted for only 7.69%.
Since its approval, the spot Bitcoin ETF has consistently maintained a higher share. At the end of January 2024, the spot Bitcoin ETF held 78.36% of the market, with the futures Bitcoin ETF capturing 21.64%.
The spot Bitcoin ETF has solidified its position as the preferred option for investors. Its larger market share reflects stronger investor confidence in direct Bitcoin exposure compared to futures-based products.
Spot Bitcoin ETF Total Net Flows In BTC
Spot Bitcoin ETF net flow tracks the amount of Bitcoin entering or leaving a spot Bitcoin exchange-traded fund (ETF) on any given day.
On September 21, 2024, the net flow recorded across all spot Bitcoin ETFs was 4,270 BTC. The highest net flow in 2024 occurred on March 12, with 14,490 BTC entering or leaving ETFs, signaling a major movement in the market at that time.
Regarding fiat value, the total net flow on September 10, 2024, amounted to $294.3 million. On March 12, when 14,490 BTC was traded, the net flow was worth $1.05 billion.
Bitcoin Futures ETF 24-hour Trading Volume
The cumulative trade volume for Bitcoin Futures ETFs isn’t readily available, but daily trading data offers some key insights. On March 5, 2024, Bitcoin Futures ETF trading volume hit an all-time high of $2.4 billion.
However, since that peak, trading volumes have dropped significantly. By September 22, 2024, the daily trading volume had fallen to $116.17 million.
Spot Bitcoin ETF Provider Market Share
As of September 2024, IBIT dominates the Spot Bitcoin ETF market, holding 62.75% of the total volume share. FBTC follows in second place with a share of 11.93%.
Trailing behind are GBTC and ARKB, which hold 8.88% and 4.37%, respectively.
| Spot Bitcoin ETF Provider | Market Share |
| IBIT | 62.75% |
| FBTC | 11.93% |
| GBTC | 8.88% |
| ARKB | 4.37% |
| BITB | 4.04% |
| Others | 8.03% |
Cryptocurrency Investment Per Day In Bitcoin ETFs
Since January 2024, BlackRock’s Bitcoin ETF has attracted approximately $15 billion in investment inflows, while Grayscale saw $16 billion in outflows during the same period.
On September 24, 2024, IBIT led the pack, recording the highest investment flow of $98.9 million.
The peak period for Bitcoin ETFs occurred in March, with March 12 marking the single highest day of inflows.
On that day, IBIT secured $849 million in new investments, while ARKB followed closely with $93 million. VanEck Bitcoin Trust and FBTC ranked third and second, with $82.9 million and $51.6 million in inflows, respectively.
Largest Bitcoin ETFs In The World
According to reports from April 2024, Grayscale Bitcoin Trust (GBTC) secured the top position as the largest Bitcoin ETF fund. It acquired 304,970 BTC, valued at nearly $20.14 billion, making it the dominant player in the market.
iShares Bitcoin Trust (IBIT) followed closely in second place, holding 273,140 BTC, worth approximately $18.03 billion.
Fidelity Wise Origin Bitcoin Fund (FBTC) ranked third with 152,465 BTC, while ARK 21Shares Bitcoin ETF (ARKB) took the fourth spot, holding 42,981 BTC.
The competition among Bitcoin ETFs intensified in 2024, with Grayscale maintaining its lead by a significant margin.
| Bitcoin ETFs | Number of BTC Purchased | Value Till April 2024 (Based on BTC value till 15th April) (In $million) |
| GBTC | 304,970 | 20,135.72 |
| IBIT | 273,140 | 18,034.14 |
| FBTC | 152,465 | 10,066.57 |
| ARKB | 42,981 | 2,837.83 |
| BITB | 33,659 | 2,222.35 |
| BTCC | 27,928 | 1,843.95 |
| BTCE | 22,128 | 1,464.31 |
| BITC | 14,127 | 932.74 |
| BITW | 11,315 | |
| ABTC | 10,931 |
Spot Bitcoin ETF On-Chain Holdings Per Day
As of September 22, IBIT recorded the highest daily on-chain holding, reaching approximately $388.64K.
GBTC followed with the second-highest daily on-chain holding at around $219.11K.
Close behind were FBTC with $216.62K and ARKB with $48.82K. BITB reported an on-chain holding of about $41.47K, contributing to a total of $985.13K across all assets.
More Bitcoin ETF Statistics
- BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) and Fidelity’s Wise Origin Bitcoin Fund (BATS: FBTC) stood out as top performers in February 2024, ranking among the Top 25 ETFs with the highest asset inflows. (Source – nasdaq.com)
- On March 8th, Fidelity’s FBTC spot ETF set a new record with daily inflows of $473.4 million, almost three times the $244.2 million that BlackRock’s leading IBIT ETF brought in. (Source – cryptotimes.io)
- Between February 12th and 16th, the Spot Bitcoin ETF pulled in over $2.2 billion in net inflows, outpacing other ETFs by a huge margin—more than 3,400 funds. (Source – content.bitazza.com)
FAQs
Q1.How volatile are Bitcoin ETFs compared to traditional ETFs?
Bitcoin ETFs tend to be more volatile than traditional ETFs due to Bitcoin’s price swings and the crypto market’s overall unpredictability. Traditional ETFs, tied to stocks or bonds, generally offer more stability.
Q2.How many Bitcoin ETFs are available globally?
As per the 2023 report, there are 22 Bitcoin-only ETFs worldwide, holding a combined total of roughly 793,034 BTC, which represents about 3.8% of Bitcoin’s total supply.
