BlackRock’s Bitcoin ETF Now Rivals Binance, Doubling Coinbase in Daily Volume

BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a daily trading volume of $16 to $18 billion, positioning it as a significant competitor to major cryptocurrency exchanges like Binance and Coinbase. This rapid growth, particularly for an ETF launched in January 2024, indicates a shift towards regulated financial products as viable alternatives to traditional crypto platforms. While IBIT dominates the U.S. spot Bitcoin ETF market with roughly 70% market share, the overall ETF market experienced net outflows in Q1 2026, influenced by Bitcoin's price decline and geopolitical factors. However, March saw a reversal with inflows, and recent data shows continued, albeit modest, net inflows. The high trading volume doesn't necessarily indicate new capital, but could also reflect hedging or rebalancing, yet IBIT’s performance highlights the increasing integration of traditional finance (TradFi) and digital asset markets.

(Source：BeInCrypto)