Spot bitcoin ETF trading volumes surpass $2.6B

BlackRock, Grayscale and Fidelity lead the charge

article-image

Artwork by Crystal Le

share

The first day of trading for the 10 approved spot bitcoin ETFs started with a bang, and the momentum seems to be holding. 

As of 12 pm ET, total volumes surpassed $2.6 billion, according to data from the TIE terminal.

Grayscale and BlackRock lead the pack

BlackRock’s iShares Bitcoin Trust and Grayscale led trade volume in early afternoon trading, with roughly 26 million shares in BlackRock’s fund traded since the ETF launched Thursday morning. 

Read more: Bitcoin ETF tracker

Yahoo Finance data shows roughly 33 million shares of Grayscale’s recently converted ETF have traded since this morning. 

Fidelity rounded out the top three ETFs with volume sitting at 11 million shares traded. 

After briefly topping $49,000 Thursday, the price of bitcoin (BTC) settled around $46,000. According to data from CoinGecko, the 24-hour trading volume for bitcoin hit $55 billion.

The spot bitcoin ETFs surpassed $1 billion in trade volume within the first 30 minutes of trading after the bell. 

On Wednesday, the US Securities and Exchange Commission approved the 11 spot bitcoin ETFs. After making the S-1s effective, the ETFs were cleared to start trading Thursday morning. 

So far the volumes have far outpaced the volumes seen by the ProShares Bitcoin Strategy ETF (BITO), which launched back in October 2021. 

The fund’s first trading day saw roughly $950 million in reading volume, reaching $1 billion in assets under management (AUM) in the following days.

Editor’s note: Following the publication of this story, Hashdex revealed that — while  a rule change to list Hashdex’s bitcoin futures fund as a spot product was approved — its registration statement to convert the fund is still under SEC review.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

Sponsored

Injective is not waiting for the future of finance. It is bringing it directly to us, today.

article-image

Bitcoin has been bullish for nearly 1,000 days

article-image

Robinhood announced that it’s building an L2 and also plans to launch staking for US users

article-image

“We’re not really doing anything controversial,” said co-founder Zak Folkman at Permissionless last week

article-image

Why equities are more stable than in past decades, plus advice from Peter Lynch

article-image

As Permissionless speakers talk on-chain RWA potential, tokenized stock platform Dinari secures FINRA broker-dealer approval