The cumulative trading volume of the US Bitcoin spot ETF is about to exceed $2 trillion, and there has been a net outflow of funds recently
According to The Block, the cumulative trading volume of the US Bitcoin spot ETF since its listing in January 2024 reached $1.99 trillion as of June 11, and is expected to exceed $2 trillion by this Friday. BlackRock IBIT holds 73.7% of the trading volume market share, with a current managed size of approximately $49 billion, and a total managed size of over $76 billion for all Bitcoin spot ETFs. The Bitcoin spot ETF has accumulated a net inflow of $53.9 billion, a net outflow of $7.6 billion since Bitcoin hit a historical high of about $126000 in October last year, and a net outflow of $3 billion so far this year, including a total net outflow of $4.3 billion for 13 consecutive trading days. The net outflow of Ethereum spot ETFs this year is about $1.1 billion. The current price of Bitcoin is about 63750 US dollars, down about 50% from its historical high.