BlackRock’s Bitcoin ETF Doubles Coinbase Volume to $16–18B Daily
BlackRock’s iShares Bitcoin Trust now handles $16-18 billion in daily trading volume, more than doubling Coinbase’s $6-8 billion spot volume and rivaling Binance. Since its January 2024 launch, IBIT has captured roughly 70% of U.S. spot BTC ETF volume, signaling a major liquidity shift to regulated products.
1. IBIT Volume Surge
BlackRock’s iShares Bitcoin Trust now processes between $16 billion and $18 billion in daily trading volume, more than twice the $6 billion to $8 billion that Coinbase handles on its spot market. This rapid growth within two years of its January 2024 launch highlights strong demand for regulated crypto products.
2. Market Share and Competitive Impact
IBIT commands approximately 70% of U.S. spot Bitcoin ETF volume, placing it on par with Binance’s global liquidity benchmarks. The shift of trading activity from crypto-native exchanges to a regulated ETF suggests institutional allocators prefer listed vehicles over direct exchange access for Bitcoin exposure.
3. ETF Flow Dynamics
Despite the volume surge, spot Bitcoin ETFs saw $496.5 million in net outflows in Q1 2026, with $1.8 billion exiting in January and February. However, March brought $1.32 billion in inflows—the first monthly gain since October 2025—indicating renewed investor confidence in ETF-based Bitcoin exposure.