In March, the trading volume of Bitcoin spot ETFs reached $111 billion, with BlackRock's IBIT accounting for nearly 50%

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that the trading volume of the U.S. Bitcoin spot ETF reached $111 billion in March, nearly three times the trading volume of January and February.

Data shows that among them, BlackRock's IBIT trading dominated, accounting for nearly 50% of the total trading volume of Bitcoin spot ETFs in March. Grayscale's GBTC followed closely with a share of 20%; Fidelity's FBTC came next with a share of 17%.