Bitcoin ETFs Dominate: Now Fueling Over 30% of Spot BTC Volume Amid Market Slump

Wall Street's crypto invasion hits a milestone—while traders nap.

Bitcoin ETFs now command nearly a third of all spot BTC trading volume, according to fresh data. The kicker? This surge comes as overall crypto markets flatline like a degen's portfolio after leverage liquidation.

Institutional takeover in 3...2...1...

While traditional finance giants high-five over their ETF success, the real question remains: When will they realize they're just buying digital gold from the same whales who've been manipulating it for years? The more things change...

However, this surge in Bitcoin ETF dominance coincides with a decline in overall trading volumes across both spot and futures markets.

Data from Glassnode shows that Spot trading volume has fallen to $5.02 billion, while futures volume has dropped to $31.2 billion. According to the firm, this is their lowest point in over a year and continues to show a downward trend.

This slowdown comes despite Bitcoin’s trading NEAR its all-time high of $111,000, highlighting a divergence between price performance and trading activity.

Nevertheless, Bitcoin spot ETFs continue with their record-breaking performance. In their first year alone, these funds have attracted nearly $50 billion in inflows and now manage approximately $135 billion in total assets, according to SoSoValue data.

This impressive performance highlights the growing demand for accessible, regulated Bitcoin investment options among market participants.