US Spot Bitcoin ETFs Surpass Exchange Volumes on Active Days

On August 29th, CryptoQuant’s Julio Moreno revealed that US Bitcoin ETFs now drive significant spot trading volumes, occasionally surpassing exchange levels, reflecting heightened institutional interest.

This shift underscores the growing institutional adoption of Bitcoin while Ethereum ETFs lag, with Binance still leading in cryptocurrency spot trading.

US Bitcoin ETFs Record Up to $10 Billion Daily Volumes

According to a recent statement by Julio Moreno, head of research at CryptoQuant, US spot Bitcoin ETFs have grown to become a primary source of Bitcoin trading volume. On active trading days, these ETFs report daily volumes of $5 billion to $10 billion, occasionally surpassing major cryptocurrency exchanges. This trend highlights the increasing volume of institutional engagement, but Binance still leads overall with daily Bitcoin trading reaching peaks of $18 billion, maintaining its position as the dominant trading platform. Despite the rising presence of Bitcoin ETFs, Ethereum (ETH) has seen slower adoption via ETF channels, focusing instead on exchange-based trading. ETH trading on key exchanges significantly overpowers ETF volumes, with notable submissions showing Binance leading ETH volumes by substantial margins on critical dates.

US Bitcoin spot ETF net inflows have crossed $14.8 billion in 2025 so far.

“US Bitcoin spot ETF net inflows have crossed $14.8 billion in 2025 so far.” — Julio Moreno, Head of Research, CryptoQuant

Bitcoin’s Market Status Amid Shifting Institutional Interest

Did you know? ETFs have enabled a significant shift in Bitcoin liquidity from exchanges to regulated products, echoing historical trends seen when prior investment innovations, such as CME futures, were launched.

Bitcoin, with its symbol BTC, currently holds a price of $111,001.48, a market cap of $2.21 trillion, and continues to dominate the market at 57.49% as per CoinMarketCap. Audiacity for BTC has shown a 6.88% increase over the past 90 days, though recent 24-hour trading volumes decreased by 7.52% to $58.91 billion. The trading data illustrates frequent price fluctuations, yet maintains a strong financial position with 19,913,068 BTC in circulation.

Insights from the Coincu research team suggest that the financial benefits and regulatory acceptance of ETFs could stimulate further capital movements into Bitcoin. Analysts note the potential for ETF-related innovation to enhance institutional involvement, promoting stability and further integrating Bitcoin as a recognized financial instrument.