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

Unlocked by Template (10).png

Research

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

article-image

The House on Thursday passed the CLARITY Act, a landmark cryptocurrency market structure bill

article-image

Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub

article-image

Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY

article-image

The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others

article-image

Momentum’s back — BTC leads, risk assets follow

article-image

Ondo Finance’s acquisition of blockchain development company Strangelove follows its buy of Oasis Pro